As the results of the midterm elections began to come in on Wednesday, US stock futures fluctuated between modest gains and losses. Although the contest is still close and the vote count is ongoing, Republicans are probably going to take the House while Democrats are going to maintain the Senate. Stocks continued to rise in regular trade Tuesday, with the Dow rising 1%, the S&P 500 rising 0.6%, and the Nasdaq Composite rising 0.5%. The October inflation report, which is due tomorrow, is also anticipated by investors for clues as to how much more the Fed might tighten financial conditions in an effort to cool an overheating economy. After missing projections for revenue and earnings for the most recent quarter, Disney shares fell more than 6% in extended trade.
Prices for commodities have benefited from various supply chain changes, primarily in the services sector. However, a decline in insurance firms’ retained earnings this year as a result of high health care consumption rates in 2021 and strong profit margins from 2020 might drive down health expenses and inflation starting in October.
U.S. Bureau of Labor Statistics as a source
Inflation Rate Set to slow Down in the United States
United States Inflation Rate
In the United States, unadjusted Consumer Price Index for All Urban Consumers is based on the prices of a market basket of: food (14 percent of total weight), energy (9.3 percent), commodities less food and energy commodities (19.4 percent) and services less energy services (57.3 percent). The last category is divided by: shelter (32.1 percent), medical care services (5.8 percent) and transportation services (5.5 percent).
| Actual | Previous | Highest | Lowest | Dates | Unit | Frequency | ||
|---|---|---|---|---|---|---|---|---|
| 8.20 | 8.30 | 23.70 | -15.80 | 1914 – 2022 | percent | Monthly | 1982-1984=100, NSA |
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