All eyes on CPI

CPI expectations too high; FTX coming down

CPI numbers come out in less than 3 hours. The street is optimistic in its expectations, from the FT:

The consumer price index is expected to have risen by another 0.6 per cent in October, according to a consensus estimate compiled by Bloomberg, up from 0.4 per cent in the previous period. Despite the monthly acceleration, the annual pace is forecast to …