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.
Consumer prices rose fast enough in October to keep the rate of inflation above the Federal Reserve’s 2% goal, posing an ...
The Fed acknowledged the inflation problem at the November FOMC meeting, but Powell remains dovish. The October CPI ...
U.S. stock futures were retreating on Wednesday, extending Tuesday’s declines. It looks like traders are taking stock of the ...
The reaction across financial markets to the release of the PPI report for October has seen stock futures pare earlier gains, while Treasury yields have ticked higher. That's basically the reverse of ...
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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