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.
U.S. equity futures edged lower in early Wednesday trading, while Treasury yields moved higher and the dollar steadied, as ...
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Stock market today: Indexes edge higher after tame October inflation reportStill, the rise in the overall inflation rate makes the outlook for future Fed cuts uncertain, according to Skyler Weinand, ...
Don't look for the Federal Reserve to start making big promises on further monetary-policy easing after the October reading ...
A measure of underlying US inflation remained firm in October, underscoring the ongoing risks Federal Reserve officials face ...
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