A key report for where inflation stood in October comes out Tuesday. Here's what to expect
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The Labor Department will release October CPI data Tuesday, with economists expecting a 0.3% monthly rise in the headline index and a 0.2% gain in the core measure excluding food and energy. The report is a key input for Federal Reserve officials weighing their next interest-rate decision. Investors will watch whether shelter and services inflation show signs of cooling.
Muhabbit's AI wrote this summary in its own words from CNBC's report. It can get details wrong, so check the source.
Named in this story
Consumer Price Index