A post by @FirstSquawk on X.
US CORE CPI (MOM) (OCT) ACTUAL: 0.3% VS 0.3% PREVIOUS; EST 0.2%
@FirstSquawk on X
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US core consumer prices rose 0.3% month-over-month in October, matching the prior month's pace but exceeding the 0.2% consensus estimate. The hotter-than-expected reading signals persistent underlying inflation pressure and likely reinforces expectations that the Federal Reserve will keep interest rates elevated for longer. Markets will now focus on whether the upside surprise shifts Fed commentary and rate-cut timing, with attention turning to upcoming inflation and labor data for confirmation of the trend.
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US Core CPI