Headline CPI rose 0.2% for the fourth straight month in October. Year-over-year, however, it increased by 2.6% versus 2.4% in September. This was in line our with expectations and increases the odds of the pause we’ve forecast for December’s meeting.
Core CPI’s 3.3% increase (0.3% MoM) further reinforced the market’s concern regarding the inflationary effects of the incoming administration’s plans to enact sweeping tariffs on imported goods.
Futures are slightly higher as yields however around important levels of resistance.
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