The October CPI rose 0.4%, following September’s 0.6% increase. Core inflation, excluding food and energy, rose another 0.3%. Food prices climbed 0.5%, groceries rose 0.4%, and electricity prices increased 0.9%. The report offered little relief for households already dealing with higher living costs.
CPI CAME IN HOTTER THAN EXPECTED.$QQQ -1.20% 🔴$SPY -0.56% 🔴
Prepare for a volatile day. https://t.co/mNDlqFiyCO
— zet (@profitzet) November 10, 2026
The Fed debate for December is no longer about whether to hike or not…
It’s about by how much.
— Geiger Capital (@Geiger_Capital) November 10, 2026
There’s an unusual wrinkle: the government cannot publish the normal 12-month inflation figures because it missed October 2025 data during the federal shutdown. So investors don’t even have the usual year-over-year comparison. Fed Governor Christopher Waller has been calling for tighter monetary policy, and traders are putting roughly 82% odds on a December rate hike. Oil falling below $90 helps, but the latest inflation report gives the Fed little reason to relax.
https://www.bls.gov/news.release/archives/cpi_11102026.htm
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