Amit Kukreja: October U.S. CPI exceeds expectations with 0.4 percent increase

Amit Kukreja: October U.S. CPI exceeds expectations with 0.4 percent increase
October U.S. CPI beats forecast, shelter leads

The U.S. consumer price index for October rose 0.4% month-over-month, higher than the expected 0.3%, while core inflation increased 0.3% against an expected 0.2%.

Amit Kukreja, a stock market analyst, shared that shelter costs were up and accounted for 30% of the increase. He also mentioned that December rate hike odds now stand at 98.8%. Year-over-year data was unavailable due to the government shutdown last year.

Kukreja previously analyzed Ondas stock, noting that dilution remains a key concern despite growing interest in the $1.5 trillion U.S. defense budget. In a separate report, he covered Brad Gerstner's sale of all CoreWeave holdings and subsequent portfolio shifts into META and TSLA, as detailed here. These recent observations demonstrate Kukreja’s ongoing focus on notable shifts and risks across various U.S. equities.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.