Home » Markets » Consumer prices, jobless claims, Rivian shares and more: Thursday's 5 things to know
Consumer prices, jobless claims, Rivian shares and more: Thursday's 5 things to know
Stock diversification is ‘key’ to making money in today’s market: Ryan Payne
Payne Capital Management president Ryan Payne and Belpointe chief strategist David Nelson preview October’s consumer price index on ‘Mornings with Maria.’
Here are the key events taking place on Thursday that could impact trading.
CONSUMER PRICES: The Bureau of Labor Statistics is expected to say the consumer price index jumped 0.6% month-over-month in October, up from 0.4% in September and the third month of accelerating growth.
On a year-over-year basis watch for prices climb 8.0% in October, easing back from September’s hotter-than-expected reading of 8.2%.
That would be the lowest reading since February, and the fourth month in a row of slowing annual growth after June’s 9.1% surge, which marked the highest inflation rate in almost 41 years.
OCTOBER INFLATION REPORT LIKELY TO SHOW CONSUMER PRICES INCREASED AGAIN