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🇺🇸 On CPI Tonight ∘ Core CPI expected to remain above 3% for October ∘ Median expectations by economists puts it at 3.3% while the Fed wants it ideally below 3 ∘ Core PCE is lower fortunately ∘ Consumers' expectations from surveys however differs significantly from mkt long bond implieds ∘ 1Y expectations firmly below 3% ∘ 3Y expectations even lower closer to 2% #macro