CPI Data Release Could Show Inflation Remaining Elevated, Challenging Fed Forecasts and Stoking Stagflation Fears
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October CPI inflation data release on Nov. 14 could be a significant event given current macro context.
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Cleveland Fed projects core CPI staying sticky above 4% level, not consistent with Fed's projections.
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Monthly core CPI inflation has been at or above 0.3% over last year, suggesting annual core CPI above 3.5%.
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De-globalization likely causing persistent inflation and slower growth, leading to stagflation.
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Stock market implications - lower returns, more volatility and corrections; investors need tactical approach.