7 November 2022 | Other

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.

Company MarketCheese
Period: 30.03.2026 Expectation: 1500 pips
SPX slid beneath six-month low amid flight from risk
Today at 07:53 AM 4
Period: 31.05.2026 Expectation: 4500 pips
Selling EURUSD from resistance
20 March 2026 43
Period: 27.03.2026 Expectation: 900 pips
USDCAD resistance looms as overheating sets in
20 March 2026 41
Period: 27.03.2026 Expectation: 1050 pips
AUDCAD thrives on monetary divergence
20 March 2026 29
Period: 31.03.2026 Expectation: 800 pips
Buying Brent crude with $115 in view
20 March 2026 48
Gold sell
Period: 31.03.2026 Expectation: 600 pips
Selling gold upon breaking $4,560
20 March 2026 44
Go to forecasts