Trump-Led Market Honeymoon Faces Crucial Test With Wednesday's Inflation Data

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Yet, markets may face a reality check on Wednesday when October inflation data is released, as signs of lingering price pressures could cool the recent euphoria and shake expectations for the Federal Reserve’s interest rate cuts.

Inflation Expected To Edge Up In October

Economists predict that October's Consumer Price Index (CPI) data will show a modest uptick in inflation, potentially halting the downward trend observed over the past six months.

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Author / Journalist: Piero Cingari

Category: Technology

Markets: United States

Topics: Federal Reserve Expert Ideas US78462F1030 Stories That Matter Interest Rates Inflation DIA Econ #s Donald Trump Economics ETFs QQQ Benzinga Top Stories US78467X1090 Analyst Color Macro Economic Events SPY Broad U.S. Equity ETFs Tech US73935A1043

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-12 @ 18:31:08 (14 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 635 words

Reading Time: 4 minutes read

Sentences: 25 lines

Sentence Length: 26 words per sentence (average)

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Copyright Owner: © Benzinga

News ID: 23558114

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