The inflation figures, which will be the last important data before the US Federal Reserve’s (Fed) decision on November 7, will be officially announced today at 05.30 p.m. Expectations are that the annual increase in inflation will decrease from 2.5% to 2.3%… The annual increase in core inflation, which remains high compared to headline inflation, is expected to be 3.2%.

What will the Fed do?

The data will also closely affect the Fed’s interest rate decision in November. While markets expect the Fed to make a 25 basis point cut at this meeting, a lower than expected inflation could also increase the possibility of 50 basis points. As will be remembered, there was a long-standing expectation of 25 basis points for the September interest rate decision, but the possibility of a 50 basis point cut had seriously increased in the last week. The Fed surprisingly made a 50 basis point cut decision.

While the US has been seriously reducing inflation in the last 2 years, fears of recession have been entering the market since July. However, the incoming unemployment and employment data seem to have put these fears on hold for now.

Uzmancoin will broadcast live

While US inflation will be announced at 03.30 p.m, there will be a live broadcast on the Uzmancoin Youtube channel at 03.15 p.m. The latest details and progress will be evaluated in this program.

It will be seen today whether the recent increases in oil prices, especially those originating from the Middle East, will be reflected in inflation. The barrel price of oil, which fell below $70 in the past weeks, exceeded $80 in recent days, but then fell again. The price per barrel of oil is traded at around $77.