CPI is out: October rose 0.4% month over month, versus expectations of just 0.3%; core CPI rose 0.3%, also hotter than the expected 0.2%. The government shutdown last October, so year-over-year figures weren’t provided this time.
U.S. stocks have also closed: S&P 500 7,520.93 (-0.38%), Dow 52,231.89 (-0.30%), Nasdaq 25,065.87 (-0.74%).
It’s hotter than expected, so be it. I wouldn’t chase the initial bounce—let’s wait and see.
U.S. stocks have also closed: S&P 500 7,520.93 (-0.38%), Dow 52,231.89 (-0.30%), Nasdaq 25,065.87 (-0.74%).
It’s hotter than expected, so be it. I wouldn’t chase the initial bounce—let’s wait and see.
