Hot on the heels of Donald Trump’s decisive US presidential election victory and a Federal Reserve interest rate decision, inflation data on Wednesday may provide clues for investors about the future path of monetary policy.
Economists polled by Reuters are expecting October’s consumer price index growth to come in at 2.6 per cent year-on-year, slightly higher than the 2.4 per cent recorded a month ago. The reading for September had marked an easing of the pace of inflation, but still came in above consensus forecasts.
Stripping out volatile items such as food and energy, core inflation is expected to have held steady at 3.3 per cent last month.
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