"October Inflation Data: A Crucial Economic Indicator for Washington and Investors"

The upcoming release of U.S. inflation data for October is of great importance to markets, economists, and policymakers as it could impact the Federal Reserve's interest-rate policy. Economists expect a moderation in consumer inflation, with a rise of 0.1% in October. Additionally, weak retail sales are anticipated for October. Chicago Fed President Austan Goolsbee's speech and the meeting between President Biden and President Xi at the APEC summit are also noteworthy events. Lastly, there is a looming threat of a government shutdown if Congress fails to pass legislation to keep the government funded.