1009 ET - With both the CPI and PPI inflation reports in hand, economists can now submit their projections for the Fed's preferred inflation gauge, PCE. While Friday's PPI number came in slightly lower than analyst expected, elevated price pressures have reinforced the case for market participants to expect a rate hike in the next Fed meeting. "The rise in headline prices would push inflation to 3.8% in October, up from 3.6% in September," a note from Oxford Economics says.
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