Next Tuesday, The Consumer Price Index (CPI) Numbers For October Will Be Released. Although It Is Not The Only Inflation Indicator
On Tuesday (14), the numbers related to the Consumer Price Index (CPI) for October will be released. Although it is not the preferred indicator of the Federal Reserve, the information may provide insights into the direction of the economy.
Expectations point to a 0.3% increase for the month and a rise of 3.3% for the year. If projections are confirmed or exceed the expected result, investors may interpret this as a sign that the U.S. central bank may halt monetary tightening measures.
During the previous week, Fed Chair Jerome Powell unsettled the expectations of many who believed in the end of the interest rate hikes. During a presentation at the International Monetary Fund (IMF), he emphasized the possibility of the Fed resuming interest rate hikes in the United States. Even with inflation reducing in the country, leaders of the monetary authority show concern about the sustainability of this price decline.
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While the world felt the pinch of rising oil prices, oil companies pocketed at least $23 billion extra from the crisis in Ormuz.
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Oil plummets more than 10% and the market turns upside down after Iran opens Hormuz and eases fears about the main route in the Gulf.
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Petrobras robots confirm the presence of hydrocarbons in the pre-salt of the Campos Basin at a depth of 2,984 meters, in a new exploratory well located 201 km off the coast of Rio de Janeiro.
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A Canadian study detects record methane emissions and reveals that abandoned oil wells pollute up to 1,000 times more than expected.
Markets This Tuesday Morning (14)
The international markets, including the future movements of Wall Street, are operating in high this morning.
Asian Markets (Closed)
European Markets (Open)
Wall Street (Future Market)
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Source: Money Times

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