BLS are not releasing the YoY because there is no YoY reference from last year due to the government shutdown a year ago. A powerful rebound in US stocks lost momentum after Federal Reserve Governor Christopher Waller backed an interest-rate hike in December, just hours ahead of Tuesday’s inflation report. [04:00 ET] Fed's Waller: Half-point Fed rate hike may be needed in december, if October core CPI inflation comes in around 0.3% or higher.
Story updates
01:30:09 PM UTC
SquawkNews
US Core CPI MoM Actual 0.3% (Forecast 0.2%, Previous 0.3%)
01:41:14 PM UTC
SquawkNews
Stocks fell alongside bonds as a faster-than-expected rise in inflation fuelled bets that the Federal Reserve would continue to raise interest rates. [08:30 ET] US CPI higher than expected. [USD & Yields strengthened, Index futures weakened] [04:00 ET] Fed's Waller: Half-point Fed rate hike may be needed in december, if October core CPI inflation comes in around 0.3% or higher.