US CPI data due Wednesday - possible upside surprise. ...Middle East

CPI data from the US due today, Wednesday, November 13, 2024. Greg popped up a preview earlier:US CPI to be released tomorrow at 8:30 AM. Expectations are for 0.2% MoMIn a recent note, BMO previewed the data also. Analysts at the bank suggest that any significant influence from recent storms on inflation data is likely limited, meaning market reactions to any deviation in core inflation—either upward or downward—may be pronounced. The consensus forecast calls for a steady +0.3% rise in core CPI for the month, with expectations leaning toward a possible upside surprise. A +0.4% reading or higher would make waves, particularly against the backdrop of the recent election results. The logic sugg

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