⚡ U.S. CPI expect to show another strong reading, keeping Fed’s path uncertain
📖 According to Bloomberg, the markets anticipate that the upcoming U.S. CPI Data will show a third consecutive month of solid inflation, leaving the Fed rate cuts open to debate.
🔎 Median estimates from a Bloomberg survey project that the core CPI which excludes food and energy rose 0.3% in October while overall CPI increased by 0.2%. The CPI reading is scheduled for release on Wednesday.
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