What to watch for in Tuesday’s inflation numberThe markets have rebounded from their fall swoon — with the S&P 500 up more than 7 percent over the past two weeks — as investors grow more optimistic that the Fed is done raising interest rates.
That conviction will be put to the test with a new batch of inflation data this week, starting with Tuesday’s Consumer Price Index data at 8:30 a.m. Eastern.
It arrives amid deep divisions on Wall Street over the Fed’s next move, and as inflation weighs heavily on President Biden’s poll numbers.
Tuesday’s figure could signal that progress on inflation is slowing.
That’s no better than the September figure, and well above the Fed’s 2 percent target.
Persons:
Biden’s
Organizations:
Tuesday’s, Wall, Deutsche Bank