Treasury yields edge higher as market players await CPI inflation data
Forecasters polled by Reuters anticipate an October consumer price index print of 0.3% in October, down from 0.6% year-on-year growth in September. Core consumer prices, which exclude food and energy, are anticipated to rise by 0.2%, lower than the 0.3% rise in September.
In this article
On the inflation data front, Forecasters polled by Reuters anticipate an October consumer price index print of 0.3% in October, down from 0.6% year-on-year growth in September, according to CNBC World. Core consumer prices, which exclude food and energy, are anticipated to rise by 0.2%, lower than the 0.3% rise in September.
Key points
- According to CME Group's FedWatch, Tuesday's CPI data, together with wholesale inflation numbers due Friday.
- It comes following American employment data came in considerably more robust than Wall Street was expecting last week.
- Oil prices edged lower further on Tuesday morning, with Brent crude declining below $90 a barrel for the first time since August.
- Dealers are looking for proof that inflationary pressure on the American economy is slowing.
Inside the Inflation data story
Dealers are looking for proof that inflationary pressure on the American economy is slowing. Oil prices edged lower further on Tuesday morning, with Brent crude declining below $90 a barrel for the first time since August. According to CME Group's FedWatch, Tuesday's CPI data, together with wholesale inflation numbers due Friday, may shape the Federal Reserve's future decisions on borrowing costs in the US Markets have already largely factored in a 25 basis point hike in December.
It comes following American employment data came in considerably more robust than Wall Street was expecting last week, with 165,000 jobs added in October, more than double forecasts.
Why traders are watching inflation data
Inflation figures decide how long central banks keep interest rates high. Hotter-than-expected readings usually lift bond yields and the local currency, while softer data raise hopes of rate cuts.
Price data feed straight into central-bank decisions, which makes them some of the most market-moving releases on the calendar for forex, bonds and stocks.
Market reaction and data
Crypto prices at the time of writing, from Binance spot data (2026-11-10 10:35 UTC):
| Asset | Last price (USDT) | 24h change | 24h high | 24h low |
|---|---|---|---|---|
| Bitcoin (BTC) | 74,285.28 | 0.16% | 75,568.18 | 74,058.45 |
| Ethereum (ETH) | 2,092.75 | -0.59% | 2,151.90 | 2,086.73 |
What to watch next for inflation data
Next in focus are the coming inflation releases, central-bank reaction to them and changes in market pricing for future rate moves.
Key scheduled releases on the economic calendar:
- USD Core CPI m/m on Tue Nov 10, 13:30 UTC, forecast 0.2%, previous 0.3%
- USD CPI m/m on Tue Nov 10, 13:30 UTC, forecast 0.3%, previous 0.6%
- GBP GDP m/m on Thu Nov 12, 07:00 UTC, forecast 0.0%, previous 0.1%
- USD Core PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.3%, previous 0.7%
- USD PPI m/m on Fri Nov 13, 13:30 UTC, forecast 0.4%, previous 1.3%
Follow every update in our Top 10 Breaking Market News, read FDA news: FDA cautions of vision loss risk linked to popular GLP-1 drugs like Wegovy, Zepbound or see all of today's top market news.
FAQ
What is the latest inflation data news?
Forecasters polled by Reuters anticipate an October consumer price index print of 0.3% in October, down from 0.6% year-on-year growth in September.
Why do inflation numbers move markets?
Inflation data change expectations for central-bank interest rates, and rate expectations drive currencies, bond yields and stock valuations.
Where does this information come from?
This report is based on coverage from CNBC World, checked against market data where available. It is a summary for information only and not investment advice.
Risk warning: This article is for information only and is not investment advice. Trading forex, CFDs, stocks and crypto carries a high risk of losing money. Prices move fast – check live quotes before you trade.
