The Daily Money: What to expect from CPI tomorrow

Another highly anticipated inflation report is coming tomorrow. WIll inflation come down? How will it affect the Fed? ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌  ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌ ‌

The Daily Money ALL THE MONEY NEWS YOU NEED TO KNOW   Wednesday, November 9 Welcome back to another Daily Money! Happy day after Election Day. The suspense from yesterday is going to last a lot longer as Georgia's Senate race is set for a runoff in December. That race could end up deciding which party controls the Senate (and yes, it's very much 2020 deja vu). In non-election news, you may have read about more employers testing out four-day workweeks to combat burnout and boost productivity. But what about a three-day workweek? This Chick-fil-A started experimenting with one in February and it has some interesting results. What to expect from CPI tomorrow  Another crucial inflation report is due tomorrow. Annual inflation is expected to dip from 8.2% to 8%. Core inflation, which excludes volatile food and energy prices, is also expected to dip slightly.  What does that mean for the Fed's big decision next month? A lot.  The Fed still says its target level of annual inflation is 2%. But at its last meeting, the central bank hinted at smaller rate hikes in recognition that its consecutive 75 basis point hikes have caused parts of the economy, such as the housing market, to slow. The smaller rate hikes could buy consumers extra time to tidy up their finances, but the pain is still coming. 📰 More stories you shouldn't miss 📰 Meta layoffs: Facebook parent company Meta to lay off more than 11,000 employees Will Wordle get harder?: New York Times unveils big changes for popular word game. Change of plans: Tropical Storm Nicole disrupts major cruise line itineraries 🍔 Today's Menu 🍔 Coca-Cola is rolling out a "secret menu" at Universal Orlando and Universal Studios Hollywood.  Each drink has been "crafted to offer a unique flavor experience" and complement well-known food offerings throughout the park, Fritz Wojdyla, Universal's senior vice president of global corporate alliances, said in an October news release.  About The Daily Money Each weekday, The Daily Money delivers the best consumer news from USA TODAY. We break down financial news and provide the TLDR version: how decisions by the Federal Reserve, government and companies impact you. Elisabeth Buchwald is a personal finance and markets correspondent for USA TODAY. You can follow her on Twitter @BuchElisabeth and sign up for our Daily Money newsletter here Inflation may have dipped in October, but rates are still going higher Consumer price inflation may have eased in October, but economists still see more Fed rate hikes, recession and job losses. Americans should prepare. Latest Fed hike has housing experts ponder if mortgage rates will fall How do I maintain a solid work-life balance while working remotely?... Automakers in Detroit, beyond are cringing at deleted Elon Musk tweets How to match paint color Election Day on Facebook, YouTube and Twitter: What you need to know Sneaky car rental fees and how to avoid them Twitter updates: Celeb suspensions, blue check changes and more A looming reckoning: Too many US homes in risky locations Should you change jobs or even careers? Here is your litmus test.   Problem viewing email? View in browser Unsubscribe • Manage Newsletters • Terms of Service • Privacy Policy/Your California Privacy Rights • Privacy Notice • Do Not Sell My Info/Cookie Policy • Feedback © 2022 USA TODAY, a division of Gannett Satellite Information Network, LLC. 7950 Jones Branch Drive, McLean, VA 22102