Tuesday, November 10
·13:30 UTC
US October CPI
The last inflation print before the Dec 9 Fed meeting, with futures pricing roughly 75–80% odds of a hike.
October CPI is the last inflation print before the Dec 9 Fed meeting. After payrolls came in at 165K vs ~62K expected, futures price roughly 75–80% odds of a hike.
One detail most people will miss: the 2025 shutdown erased last October's data, so there is no official annual CPI rate this time. Only monthly changes.
If you see a YoY number, someone modeled it.