October CPI likely in line, but ‘we think another hike will be warranted in December’ – Natixis’ Hodge

(Kitco News) – Tuesday morning’s consumer price index report for October will likely show price pressures moderating in line with economists’ expectations, but while there is little evidence that U.S. inflation is reaccelerating, the road back to the Fed’s target looks to be a bumpy one, according to Christopher Hodge, Head Economist for the U.S. at Natixis.Hodge wrote in Natixis’ CPI preview that they expect no surprises from tomorrow’s inflation data.