5 Hrs
Source:
البلاد
Inflation Rate Outlook
Markets are bracing for a pivotal week led by US inflation data for October. The consumer price index is expected to rise 0.3%, down from 0.6% in September, while core inflation is forecast to slow to 0.2%. The US economy also added 165,000 jobs last month, strengthening bets on tighter monetary policy. Markets put the chance of a quarter-point Federal Reserve rate hike in December at around 75%. On Friday, they will also look to producer price data, which is expected to show a 6.6% year-on-year increase. The agenda also includes China’s inflation and trade figures, expected UK growth of 0.7% in the third quarter, and economic indicators and monetary policy decisions from other major economies, amid divergent price pressures and economic activity.
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