Will CPI drop as expected and Fed pause again?
Trading Economics expect October CPI to be 3.3%, lower than the previous data of 3.7%; the estimates of core CPI is 4%, slightly lower than the previous data of 4%.
The decline of oil prices in October will help drive the CPI down.
The market expects another pause in December after Fed skips rate hike in November.
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Will CPI drop as expected and lead to another pause?
Or will Fed increase 25bps in December?
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