Reuters / Lucas Jackson
- US stocks traded mixed on Monday as investors look ahead to the October consumer price index.
- Inflation is expected to have slowed to 3.3% year over year, down from 3.7% in September.
- Investors are eyeing the possibility of at least one more interest rate hike from the Fed this cycle.
US stocks traded mixed on Monday as investors turned their attention to the coming October inflation report.
The consumer price index report will roll out Tuesday morning, a key data point for the Federal Reserve to determine its next policy move. Cleveland Fed economists expect headline inflation to have cooled to 3.28% on an annual basis, down from the 3.7% clip reported in September.