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The most interesting thing this week: U.S. CPI

Data: Bureau of Economic Analysis, Bureau of Labor Statistics; Chart: Andrew Witherspoon/Axios

While all eyes will be on Fed Chair Jerome Powell's testimony before Congress this week, investors would be wise to keep an eye on the October CPI report for the latest on U.S. inflation.

What's happening: The Fed's favored measure of inflation, core personal consumption expenditures, has consistently fallen short of the central bank's 2% target this year, the BLS' inflation metric — the core consumer price index — has been at or above that number every month this year and solidly above 2% since July.

Go deeperArrowNov 11, 2019

The growing consumer confidence gap

Data: The Conference Board; ; Chart: Axios Visuals

The Conference Board’s consumer confidence index dipped slightly in October, but showed a notable decline in the survey's future expectations component and a growing divergence between respondents' views of their current situation and their expectations for the future.

By the numbers: Expectations fell 0.9 points during the month and have dropped by 17.5 points from their 2019 peak in July, Pantheon Macroeconomics chief economist Ian Shepherdson says in a note.

Go deeperArrowOct 30, 2019

Health care prices drive up inflation

Photo: Aric Crabb/Digital First Media/Bay Area News via Getty Images

Consumer inflation rose 0.4% in October, which was higher than expected due in large part to rising health care prices, according to new federal figures. The monthly spikes in inflation were especially prominent for health insurance costs (2.2%), prescription drugs (1.8%) and hospital services (1.4%).

The bottom line: "Inflation remains well-contained almost everywhere, with the major exception of the health care sector," left-leaning economist Dean Baker wrote in an analysis.

Keep ReadingArrowNov 13, 2019