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October CPI shows modest inflation rise, keeping Fed on track for December rate hike.

Market News
09 Nov 2026, 23:03 WIB
CNBC
View Source
Bearish
October CPI shows modest inflation rise, keeping Fed on track for December rate hike.

The October consumer price index (CPI) is expected to show a 0.3% increase in headline inflation and 0.2% in core inflation, indicating persistent price pressures despite falling gasoline prices. This data, released by the Bureau of Labor Statistics, suggests inflation remains above the Federal Reserve's 2% target, influenced by factors like tariffs, supply shocks, and rising demand from AI-related investments. Fed officials, including Chicago Fed President Austan Goolsbee, express concern over ongoing inflation in services and other sectors beyond initial shocks. With strong economic growth and a solid labor market, the Fed is likely to raise interest rates by 0.25% in December to prevent the economy from overheating.

The October inflation report is a key focus, with data as of Nov 10, 2026 04:11 WIB. For readers following US stocks on Pluang, here is the market snapshot: out of 150 priced stocks, 121 rose and 27 fell today. Notable movers include ASE Technology Holding Co Ltd (ASX) up 9.23% at USD 34.55 with a typical hold time of 50 days and a buy order activity of 57%, FuelCell Energy Inc (FCEL) up 8.69% at USD 10.82, and Plug Power Inc (PLUG) up 8.62% at USD 1.57. The most notable figure is ASX's 9.23% gain.

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