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Investors look ahead to US inflation reading for October
05:45
US
Investors look ahead to US inflation reading for October
Investors are on tenterhooks today, awaiting not only the inflation print coming out of the US, but also the single currency area's unemployment figures for the third quarter and Germany's ZEW survey of economic sentiment in November. All this may give a hint as to how the Fed and the ECB will behave in the next few months and shed more light on the monetary path. Investors expect that headline inflation will cool to a rate of 3.3 percent in the year to October, a significant easing from a headline rate of 3.7 percent in September. But core inflation, which strips out volatile food and energy prices, is thought to be far stickier.
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