Good morning! We are officially in the midst of CPI week.
The October CPI figures are slated for release tomorrow at 8:30 AM ET. Projections point to a headline increase of approximately +0.3% and a core rise of around +0.2%, which comes on the heels of the +0.6% gain observed in September. Notably, an annualized year-over-year comparison cannot be provided this time around, as the 2025 shutdown created an absence of historical data.
In the broader market context, futures are currently reflecting roughly a 77% likelihood of an interest rate increase on Dec 9, especially after the S&P 500 just endured its most challenging week since April 2025.
The October CPI figures are slated for release tomorrow at 8:30 AM ET. Projections point to a headline increase of approximately +0.3% and a core rise of around +0.2%, which comes on the heels of the +0.6% gain observed in September. Notably, an annualized year-over-year comparison cannot be provided this time around, as the 2025 shutdown created an absence of historical data.
In the broader market context, futures are currently reflecting roughly a 77% likelihood of an interest rate increase on Dec 9, especially after the S&P 500 just endured its most challenging week since April 2025.