Upcoming November CPI Report: Inflation Update for Wall StreetThe upcoming November consumer price index report is a crucial inflation update for Wall Street, as it will be the first inflation reading investors have received since the recent government shutdown ended. Economists expect a twelve-month inflation rate of three point one percent, or three point zero percent when excluding food and energy costs. The report will not include one-month percentage changes for November where Octobers data is missing due to the government shutdown. The consensus predicts three point one percent inflation, but José Torres, a senior economist at Interactive Brokers, believes the actual numbers could come in lower, possibly at two point nine percent for both headline and core inflation. A two point nine percent reading could provide a boost to stocks heading into the new year, potentially strengthening expectations for monetary policy easing. However, Victoria Fernandez, chief market strategist at Crossmark Global Investments, believes a small shift of just zero point one percentage point wont lead to a huge market reaction.

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