Bond traders brace for inflation data that could rattle Fed

New York

IN the eyes of Morgan Stanley, bond traders would be wise to remember the 15th of November.

That's when the Labor Department releases October inflation data, the final reading of the consumer price index before the Federal Open Market Committee begins its two-day meeting next month.

Officials are widely expected to raise interest rates again, with the market pricing in a more than 80 percent probability of a December hike.

Two-year Tre…