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US October Core CPI To Rise 0.2%; No Risk

From mninews.marketnews.com

The Consumer Price Index will be released Wednesday, and analysts are expecting overall CPI to rise 0.3% and core CPI to rise 0.2% in October. Ahead of the release, we outline five themes for particular attention. --HEADLINE CPI USUALLY WELL-FORECASTED This month, analysts are expecting a 0.3% increase in the headline CPI value. Based on their forecast history for October, they tend to be very accurate. In the last 20 years, analysts have been on target 11 times, overestimated five times, and underestimated four times. When they have overestimated, it is by an average of 0.14pp and when they have underestimated, it ... (full story)

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  • Category: Fundamental Analysis