October’s Consumer Price Index (CPI) figures came in line with economist expectations: prices rise 0.2% month-over-month and 2.6% annually, in line with economist forecasts; the core inflation reading — which excludes food and energy prices — rose 0.3% monthly and 3.3% year-over-year. Treasury yields (^TYX, ^TNX, ^FVX) are falling on this inflation print as Wall Street shifts focus toward the Federal Reserve’s December policy meeting. At the annual Yahoo Finance Invest conference, Federal Reserve Bank of Minneapolis president Neel Kashkari indicated that upside inflation movements would most likely warrant an interest rate pause in December. "Now, I actually think inflation is going to become front and center again, especially as we know with President-elect Trump’s policies, that really is likely to be inflationary, add to the deficit," Roundhill Investments CEO Dave Mazza tells Yahoo Finance, "and the market after yesterday’s breather is now really, I think, set to continue to power ahead, especially as we head into year-end." Mazza weighs in on the market’s anticipated response to Trump’s tariff proposals, especially as seasonality trends take hold.
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