(Yahoo Finance) On Tuesday, investors will digest one of the most important data points the Federal Reserve will consider in its next interest rate decision: October's Consumer Price Index (CPI).
The report, set for release at 8:30 a.m. ET, is expected to show headline inflation of 3.3%, a deceleration from September's 3.7% annual gain in prices, according to estimates from Bloomberg. Over the prior month, consumer prices are expected to have risen 0.1% in October, a slower clip than September's 0.4% monthly increase.