🇺🇸 U.S. October CPI Comes in Hotter Than Expected U.S. October CPI rose 0.4% MoM, above the 0.3% expected. 🔥 A hotter-than-expected CPI could weaken expectations for Fed rate cuts, while a softer print could strengthen the case for further easing. 📈 Risk assets often benefit when expectations for lower rates increase. ⚠️ However, the October year-over-year CPI figure was not released due to data-collection disruptions caused by the government shutdown. Markets are watching closely. 👀
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