U.S. CPI report to be released, market expects inflation to rise
2026-11-10 09:44:52
According to CoinMeta, Wall Street will face incomplete information when trading on Tuesday regarding the inflation report for CPI. This is because the Department of Labor will not release the 12-month percentage change for October, so traders will have to rely on unofficial estimates, which range between 3.6% and 4.0%. The official data for September was 3.7%, up from 2.4% in February. Before the Iran war, oil prices soared to 4.2%. Over the past year, Americans have seen increases in the following expenses: fuel by 74.2%, gasoline by 34.2%, airfare by 22.4%, natural gas by 5.0%, electricity by 4.4%, and rent and housing by 3.2%. Real hourly wage income has decreased by 0.7% over the past year. The Federal Reserve raised interest rates for the first time in September, and in October, two officials voted in favor of raising rates again. Economists expect prices to rise by about 0.3% in October. The market is focused on the CPI report to be released at 8:30 a.m. on Tuesday ( ET ), which is the last CPI report before the Federal Reserve's decision on December 9th.
Source:X
This content is for market information only and does not constitute investment advice.
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