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 ...
Business Insider on MSN1d
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, ...
Inflation in the US picked up last month, as progress toward stabilising prices appeared to stall. Consumer prices rose 2.6% over the 12 months to October, driven by higher housing and food costs, the ...
Inflation has cooled dramatically since a peak of 9% attained in 2022, now hovering near the Federal Reserve’s target rate of ...
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