CPI Down, Now What? Plus FTX/SEC Conspiracy - Daily Live 11.10.22 | E260
Bitcoin & Markets
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October CPI Is Expected to Rise 7.9% From 8.2% Last Month
On an annual basis headline CPI is expected to rise 7.9%, down from 8.2% last month. The data will be framed in the context of how much progress the Fed is making towards lower inflation after the November FOMC meeting. A cooling inflation on Thursday could very well set off a relief rally in the stock market. Just don't expect it to stick around for long because it's unlikely the Federal Reserve will be diverted from its rate hiking path, even if it slows the pace in December.
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