October inflation report due today as Asian stocks rally
The Labor Department releases the October consumer price index on Tuesday. Economists estimate annual inflation rose to about 3.9% from 3.7% in September; the government won't publish an official year-over-year figure because October 2025 data was not collected during the shutdown. Markets see a high chance of a Federal Reserve rate hike next month. Overnight, Asian stocks rose, with South Korea's Kospi up 4.4% and Japan's Nikkei 225 up 2.9%.
📌 Follow this story: Inflation, prices and the economy: the story so far →
The day's 5 biggest stories, verified, free by email
▶ Watch the 90-second briefing (story 3 of 5) 🔔 Get 6 AM & 5 PM alerts
Why it matters
Inflation measures how fast prices are rising for things like groceries, rent and gas. Markets see a high chance the Federal Reserve raises interest rates next month, which would make borrowing more expensive.
What to watch
The Bureau of Labor Statistics releases the October consumer price index today, Tuesday, November 10.
Sources
- AP (via KPRC Click2Houston): Asian stocks rise ahead of US inflation data
- Reuters (via Yahoo Finance): US consumer prices expected to have risen at slower pace in October
Also in this edition
Get the catch-up in your inbox
The same fact-checked briefing, sources included, at 6 AM and 5 PM Central. No spin, no spam — unsubscribe anytime.
We only use your email to send the briefing.