Market participants are bracing for Thursday's CPI inflation data for October

On Thursday, November 11 at 8:30 EDT, the BLS will release the latest inflation report vis-à-vis the CPI index for October 2022.

The PCE is still three times above the Fed's target inflation rate of 2%. Americans and global citizens are acutely aware of inflation remains entrenched, persistent, and high as their data comes from the price they are paying for goods and services. According to their website, "The model relies on relatively few variables and is tested using real-time data. The model's nowcasting accuracy improves as information accumulates over the course of a month or quarter, and it easily outperforms a variety of statistical benchmarks."

Gold futures are trading fractionally higher. As of 4:120 PM EST gold futures basis, the most active December contract is fixed at $1678,20 after factoring in today's net gain of $1.60. Today's fractional gain would have been a deep decline had it not been for dollar weakness moving gold into the positive today. Gold's gain was a fractional 0.10% and the dollar index is currently down 0.66% and fixed at 110.04.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Marnie’s Market UpdateTaylor Bennett, Bennett Property Shop Realty, discusses Ottawa’s real estate market in October.
مصدر: ctvottawa - 🏆 29. / 67 اقرأ أكثر »

Can USDT’s market cap sail Tether’s boat through the ongoing market turmoilThe USDT transaction volume reached a new high over the last four months according to Glassnode’s latest tweet posted on 7 November. With multiple factors in favor of USDT, it appears that the stablecoin may not be losing its dominance anytime soon. 📈 $USDT Transaction Volume (7d MA) just reached a 4-month high of 169,399,066.526 […]
مصدر: CryptoAmb - 🏆 22. / 68 اقرأ أكثر »

The Week Ahead: Rogers earnings; U.S. CPI - BNN BloombergA look at what investors will be watching in the upcoming week.
مصدر: BNNBloomberg - 🏆 83. / 50 اقرأ أكثر »