Updated on November 11, 2018 9:54:12 PM EST
Octobers Consumer Price Index (CPI) will start this week’s activities early Wednesday morning. The CPI is the sister report to last Fridays PPI, except it measures inflationary pressures at the consumer level of the economy and is one of the most important reports the bond market sees each month. If it reveals stronger than expected readings, indicating that inflationary pressures are rising at the consumer level, the bond market will probably react negatively and cause mortgage rates to move higher. Analysts are expecting to see a 0.3% increase in the overall reading and a 0.2% increase in the core data. The core reading is the more important of the two because it excludes more volatile food and energy prices.