![]() ![]() is to release inflation figures for October on Thursday with market watchers on the lookout for indications that price pressures are cooling after a barrage of outsize rate hikes by the Fed.įed Chairman Jerome Powell said last week that policymakers will likely take rates higher than envisioned in their attempt to curb soaring inflation, so a hotter-than-expected reading would likely cement expectations for the Fed to continue its hawkish path.īut a cooler-than-expected reading could see markets become more focused on the higher probability of a recession.Įconomists are expecting the annual rate of inflation to come in at 8.0% and the monthly rate of inflation to rise by 0.7%. Here’s what you need to know to start your week. is to release GDP data on Friday which is expected to show the economy has entered a recession. China is to release trade and inflation data as Beijing’s zero-COVID policy continues to wreak economic damage. midterm elections on Tuesday, where control of Congress is at stake will also be in focus. inflation data on Thursday could bring some insight into when the Federal Reserve might start to slow the pace of rate hikes. ![]() Create New Watchlist Create Create a new holdings portfolio Add Create + Add another position Close
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