Market Wrap For November 20: Inflation Data Points To "No" Tapering, Fed Meeting Notes Points To "Yes" Tapering
November 20, 2013 at 17:02 PM EST
Investors and traders welcomed news of lower than expected inflation. The U.S. Labor Department monthly Consumer Price Index (CPI) data for October fell 0.10 percent, compared to an estimated flat reading. Year over year, the index is up 1.00 percent, in line with expectations. The Fed's target inflation rate is 2