Investors turn focus to next week’s CPI print
On Tuesday, investors will digest one of the most important data points the Federal Reserve will consider in its next interest rate decision: October’s Consumer Price Index (CPI).
The report is expected to show headline inflation of 3.3%, a deceleration from September’s 3.7% annual gain in prices, according to estimates from Bloomberg. Over the prior month, consumer prices are expected to have risen 0.1% in October, a slower clip than September’s 0.4% monthly increase.
Lower energy costs are likely to have held the headline figures to a smaller gain.
On a “core” basis, which strips out the more volatile costs of food and gas, prices in October are expected to have risen 4.1% over last year — matching the annual increase seen in September, according to Bloomberg data. Monthly core prices are expected to have climbed 0.3%, also matching…
