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Hope persists as investors monitor US inflation data.

Written by Paulo S. Nogueira
Published 16/11/2023 às 19:12
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Morning Times: The expectation is for a rise in US inflation of 0,3% for the month and an accumulated 3,3% for the year. (Image: REUTERS/Andrew Kelly)

Next Tuesday, the Consumer Price Index (CPI) numbers for October will be released. Although not the only inflationary indicator

This Tuesday (14), the numbers relating to the Consumer Price Index (CPI) of October. Although it is not the preferred indicator for Federal Reserve, the information can provide insights into the direction of the economy.

Expectations point to an increase of 0,3% in the month and a high accumulated 3,3% in the year. If the projections are confirmed, or exceed the expected result, the investors They may interpret this as a sign that the US central bank may stop monetary tightening measures.

Over the course of the previous week, Fed Chairman Jerome Powell destabilized the expectations of many who believed in the end of the increase in interest rates. During a presentation at the International Monetary Fund (IMF), he emphasized the possibility of the Fed resuming increase in interest rates in the United States. Even with the reduction in inflation in the country, the leaders of the monetary authority are concerned about the sustainability of this drop in prices.

Fx Markets this Tuesday morning (14)

Os marketinternational s, including the future movement of Wall Street, are operating in high this morning.

Asian exchanges (closed)

European exchanges (open)

Wall Street (market future)

commodities

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Source: money times

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Paulo S. Nogueira

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