TREE NEWS update: The US will release October CPI on Tuesday, Nov. 10, at 21:30 Beijing time, with the Cleveland Fed model projecting a 0.24% monthly rise in headline CPI and 0.21% in core. October PPI follows on Friday, Nov. 13. About 10 Fed officials, including Waller, Williams and Jefferson, are scheduled to speak, and LSEG data puts the market-implied probability of a 25-basis-point Fed hike in December at about 80%. CoreWeave reports Nov. 10, with Nebius and Cisco on Nov. 12.
US October CPI due Tuesday; CoreWeave, Nebius report earnings next week
The macro calendar and the AI-infrastructure earnings land in the same week, which matters because both feed the same rate-sensitivity trade in risk assets. The Cleveland Fed nowcast is a model estimate rather than the print itself, so the gap between projection and release is the first thing worth watching, alongside the heavy Fed speaker slate and a December move already priced as near-certain. CoreWeave and Nebius results offer a read on whether AI compute demand is holding up independent of the rate debate. Whether those two narratives stay coupled is the open question.
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