On Tuesday morning, the U.S. Department of Labor's Bureau of Labor Statistics said on Tuesday that its Consumer Price Index rose by 0.2% for the month of October, posting mild gains following two previous months of declines.
The Core CPI, which excludes food and energy prices, rose by 1.9% on a yearly basis, providing indications that long-term inflation could begin to firm in the coming months.
The Federal Reserve would like to see inflation move toward its target goal of 2% before it raises its benchmark Federal Funds Rate for the first time in nearly a decade.
A rate hike is largely viewed as bearish for the major indices, as investors depart from their positions in equities to capitalize on higher yields.
For More Information :Intraday Trading Tips, Intraday Stock Tips,F&O tips,Stock Future Tips, Intraday Tips ,Option Trading Tips,Stock Option Tips,Future & Option Tips,option tips