Posted 11/13/2023, 8:23:57 PM
October CPI Report Expected to Show Slowing Inflation Ahead of Fed Rate Decision
- Consumer price index report for October coming Tuesday, expected to show slowing inflation
- Overall prices seen rising 0.1% monthly, 3.3% annually vs. year ago
- Core CPI excluding food and energy expected up 0.3% monthly, 4.1% annually
- September CPI rose 0.2% monthly, 3.7% annually
- Report key input for Fed's next interest rate decision at December meeting
- Fed expected to leave rates unchanged after series of hikes in 2022