Core CPI Rises In October; Bolsters Fed Hike View In December

awauU.S. stock indexes are rising this morning following the latest CPI data for October that showed consumer prices rose more than expected following 2 months of declining prices.

October CPI rose 0.2 percent, above the 0.1 percent forecast from briefing.com, and above the 0.2 percent decline in September.

Core CPI, which strips out food and energy costs, rose 0.2 percent, matching estimates and in line with core CPI level from September.

The latest inflation reading viewed alongside the stronger than expected October jobs report, bolsters the likelihood of a December interest rate hike.

–                                                                                 -Johnathan Schweitzer

About Johnathan Schweitzer 1466 Articles
Welcome to Schweitz Finance. I hope that my financial website will provide you with relevant market information to help you manage your investments with greater clarity and insight.
Contact: Website

Be the first to comment

Leave a Reply