US October CPI data is set for release on Tuesday, November 10, with the Cleveland Fed model projecting headline inflation at 0.24% month-over-month and core CPI at 0.21%. October PPI follows on Friday, November 13. Approximately 10 Federal Reserve officials, including Waller, Williams, and Jefferson, are scheduled to speak during the week. Following a beat on October nonfarm payrolls, LSEG data indicates markets price roughly an 80% probability of a 25 basis point rate hike in December.
On the earnings front, CoreWeave reports on November 10, while Nebius and Cisco report on November 12. In crypto, Hyperliquid ecosystem L2 network Elysium plans to launch its mainnet on November 9. Anthropic is reportedly preparing to kick off its IPO roadshow next week.
Macro Outlook: US CPI Due Tuesday as Markets Price 80% Odds of December Rate Hike
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