The London Stock Exchange building is seen in the city of London, UK. Picture: REUTERS/TOBY MELVILLE
Record-high inflation has prompted the Fed to raise rates aggressively this year, a process that has boosted the dollar and resulted in sharp selling of US Treasuries and shares around the world. The report is expected to show a slowing in both the monthly and yearly core numbers for October to 0.5% and 6.5%, respectively, according to a Reuters survey.
If CPI came in higher than expected, particularly its core components, then that pricing would go up, which would be a dollar bullish story, while a lower than expected print could cause the dollar to give back some gains, Chaar said. The benchmark 10-year US treasury yield was 4.1% — steady on the day — while European government bond yields were also mostly flat.