📰 NO PROGRESS COMING ON CORE INFLATION Bank of America economists expect that data out Wednesday will show that the core CPI increased by 0.3% month over month in October, holding the 12-month core inflation rate at 3.3%. That forecast is in line with the consensus forecast in WSJ’s survey and would be the third consecutive month with a 3.3% core reading, showing inflation moving sideways. From here out, inflation risks are tilted to the upside, BofA economists write: “Indeed, we see pro-growth fiscal policy, tariffs, and tighter immigration as potential sources of upside inflation risk over the coming years if they are implemented,” BofA writes