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.
The greenback has also been boosted by Trump’s victory. Coming up later: Networking-equipment company Cisco Systems is due to report earnings after Wednesday's closing bell. Another gauge of ...
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Stock market today: Indexes edge higher after tame October inflation reportStill, the rise in the overall inflation rate makes the outlook for future Fed cuts uncertain, according to Skyler Weinand, ...
A measure of underlying US inflation remained firm in October, underscoring the ongoing risks Federal Reserve officials face ...
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 ...
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