Annual core inflation ticked down to 2.3% in October. US Dollar Index moves sideways ahead of FOMC Chairman Powell’s testimony. According to the monthly data published by the United States (US) Bureau of Labor Statistics (BLS), inflation in October, as measured by the Consumer Price Index (CPI), ticked up to 1.8% on a yearly basis to come in higher than the market expectation of 1.7%. The core CPI, which excludes volatile food and energy prices, edged lower to 2.3% in the same period and missed experts’ forecast of 2.4%. On a monthly basis, the CPI came in at 0.4% and the core CPI rose to 0.2% from 0.1% in September. The US Dollar Index largely ignored this data ahead of Federal Open Market Committee Chairman Powell’s testimony and was last up 0.04% on the day at 98.37. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next NZD/USD technical analysis: Remains well bid near 0.6400 handle post-US CPI FX Street 3 years Annual core inflation ticked down to 2.3% in October. US Dollar Index moves sideways ahead of FOMC Chairman Powell's testimony. According to the monthly data published by the United States (US) Bureau of Labor Statistics (BLS), inflation in October, as measured by the Consumer Price Index (CPI), ticked up to 1.8% on a yearly basis to come in higher than the market expectation of 1.7%. The core CPI, which excludes volatile food and energy prices, edged lower to 2.3% in the same period and missed experts' forecast of 2.4%. On a monthly basis, the CPI came in at 0.4%… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
