October CPI: Inflation hits another bump on road to Fed's 2% target
JPMorgan's trading desk gave a scenario outlook on how the market would respond to various monthly core CPI readings. The options market is pricing in a 0.7% move, either up or down, for the S&P 500, and a 1.6% move for the Russell 2000.
Inflation rose by 0.2% in October and brought the 12-month inflation rate to 2.6% , which was in line with expectations.
The Consumer Price Index (CPI) report is set to release soon. It's an inflation gauge that looks at how prices urban ...
U.S. equity futures edged lower in early Wednesday trading, while Treasury yields moved higher and the dollar steadied, as ...
Price increases in the US picked up last month, as progress toward stabilising prices appeared to stall. Consumer prices rose ...
Inflation has cooled dramatically since a peak of 9% attained in 2022, now hovering near the Federal Reserve’s target rate of ...
Prices were 2.6% higher than a year ago. But wage growth continues to outpace inflation. Also: the history of the federal ...
The inflation trajectory is likely favorable enough to keep the Fed on track to cut borrowing costs at its next meeting in ...
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