🚨 BREAKING: 🇺🇸 US October core CPI rose 0.3% MoM against 0.2% consensus, and headline rose 0.4% MoM against 0.3% expected, after 0.6% in September. Fed Governor Waller said ahead of the print that a core reading around 0.3% MoM or higher would get his support for a 50bp hike in December, versus 25bp even if CPI improved. Brent has fallen from $118 to $90 in a couple of weeks, but Waller says diesel will not follow, since refining capacity damaged around the world cannot turn Gulf crude into fuel.
MacroMicroShare
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.