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October CPI stays high at 3.7% due to energy prices; Fed rate hike in December nearly certain.

Market News
12 Nov 2026, 15:00 WIB
Seeking Alpha
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Neutral
October CPI stays high at 3.7% due to energy prices; Fed rate hike in December nearly certain.

October's Consumer Price Index (CPI) remained elevated at around 3.7%, primarily driven by earlier spikes in energy prices that only moderated after early November. Despite steady interest rates from the Federal Reserve, the likelihood of a rate hike in December is nearly 100%. Long-term Treasury yields and inflation trends are now more influential for asset valuations, with equity prices considered stretched given the persistently high interest rates. This environment challenges the justification for current equity valuations and suggests cautious outlooks for long-term returns amid ongoing inflation and a higher-for-longer rate scenario.

The recent Consumer Price Index (CPI) and rate hike odds provide context for market conditions. For readers following US stocks, here is Pluang's market snapshot as of Nov 12, 2026 18:51 WIB: out of 150 priced US stocks tradable on Pluang, 59 rose and 85 fell today. Notable movers include MU (Micron Technology, Inc.) at USD 787.54 with a 1-day change of -2.93% and 87% buy order activity, GFI (Gold Fields Limited) at USD 36.48 down 2.88% with 100% buy orders, and MRVL (Marvell Technology Inc) at USD 164.12 down 2.77% with 53% sell order activity.

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