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Investors and economists around the globe eagerly await the October Consumer Price Index (CPI) report. Concerns about rising inflation have been a central topic of discussion, with prices for goods and services surging at a faster pace than many had anticipated. The October CPI report will offer a crucial update on whether this trend is continuing or if there are signs of inflationary pressures beginning to ease.
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Observers will also be keen to see how the Federal Reserve interprets the data, as it plays a pivotal role in shaping monetary policy. The October CPI report could have significant implications not only for investors and policymakers but also for everyday consumers, as it will shed light on the cost of living and the purchasing power of households in the United States.
Economists expect Headline CPI to rise +0.1% from September and 3.3% from the prior year period. Core CPI, which excludes food and energy, is projected to rise +0.3% from the prior month and 3.7% year-over-year. CPI has come in hotter than expected in the past two months. This followed a string of five straight months of cooler data.
Last week’s University of Michigan Consumer Survey posted a pick-up in inflation expectations. Equities digested this and yields were lower following the news. Expectations will be for a hot number so it will be interesting to see if bulls press equities higher if this comes in light.
Stocks/ETFs In Play: Interest rate-sensitive areas such as ARKK, ITB, HXB, XLRE, KRE, XLU, etc.
By CashcowInvestors and economists around the globe eagerly await the October Consumer Price Index (CPI) report. Concerns about rising inflation have been a central topic of discussion, with prices for goods and services surging at a faster pace than many had anticipated. The October CPI report will offer a crucial update on whether this trend is continuing or if there are signs of inflationary pressures beginning to ease.
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View more articles on our website:
Stock Analysis https://www.ainvest.com/news/?channel=podcast  Â
Market Movers https://www.ainvest.com/market/stocks-usa/top-gainers/?channel=podcast Â
AI Chatbot https://www.ainvest.com/chat/?comefrom=WebaimePodcastÂ
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Observers will also be keen to see how the Federal Reserve interprets the data, as it plays a pivotal role in shaping monetary policy. The October CPI report could have significant implications not only for investors and policymakers but also for everyday consumers, as it will shed light on the cost of living and the purchasing power of households in the United States.
Economists expect Headline CPI to rise +0.1% from September and 3.3% from the prior year period. Core CPI, which excludes food and energy, is projected to rise +0.3% from the prior month and 3.7% year-over-year. CPI has come in hotter than expected in the past two months. This followed a string of five straight months of cooler data.
Last week’s University of Michigan Consumer Survey posted a pick-up in inflation expectations. Equities digested this and yields were lower following the news. Expectations will be for a hot number so it will be interesting to see if bulls press equities higher if this comes in light.
Stocks/ETFs In Play: Interest rate-sensitive areas such as ARKK, ITB, HXB, XLRE, KRE, XLU, etc.