18 June
The latest inflation data and the U.S. midterm elections are this week's most awaited events
The most expected news on Wall Street this week will be the release of the latest government inflation data and the U.S. midterm elections.
This week, the consumer price index (CPI) for October will be published on Thursday. Economists surveyed by Bloomberg predicted that the core CPI for October was 7.9% year-over-year, down from 8.2% growth for the year in September. The core consumer price index, which excludes volatile components such as food and energy prices, is projected to reach 6.5%, down slightly from 6.6% last month.
The U.S. Congressional elections are scheduled for Nov. 8. After them, the Democratic Party could lose its majority in both the House of Representatives and the Senate. The midterm elections will increase volatility in the financial markets.
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