CPI data and Fed speakers highlight Tuesday’s economic calendar

On Tuesday, November 10, 2026, the U.S. economic calendar will feature a slate of crucial data releases that could significantly impact financial markets. Traders will be eagerly awaiting the release of Consumer Price Index (CPI) and Core CPI figures, as these metrics offer insights into inflationary pressures affecting the U.S. economy. The Federal Reserve's future monetary policy stance will be heavily influenced by the data presented on these two economic indicators.

The day's schedule includes a series of early morning announcements, beginning at 4:00 AM ET with remarks from Federal Reserve Governor Christopher Waller, followed by the NFIB Small Business Optimism Index at 6:00 AM ET. These early releases will provide valuable context for interpreting the more significant data that follows.

At 8:30 AM ET, traders will closely monitor the release of Core CPI and Core CPI data. The Core CPI, which excludes volatile food and energy components, will be particularly scrutinized as it provides a clearer picture of underlying inflation trends. The forecast suggests a modest decrease from the previous reading, with expectations of 0.2% compared to the actual 0.3%.

Later in the morning, at 8:30 AM ET, another Core CPI figure will be released, this time with a forecast of 2.8% year-over-year, down from the previous 2.6%. This metric will be closely watched as it offers insights into the overall direction of inflation in the economy.

The day will also feature various economic indicators, each providing a different perspective on the state of the U.S. economy. At 8:30 AM ET, the ADP Employment Change Weekly report will be released, offering the most current view of private sector employment based on high-frequency payroll data. At 8:30 AM ET, the Core CPI year-over-year figure will be unveiled, with a forecast of 3.9%, up from the previous 3.7%.

Regional data will also be released, including the Cleveland CPI at 10:00 AM ET and the WASDE Report at 11:00 AM ET, which provides monthly forecasts for U.S. and world supply-use balances for major agricultural commodities. In the afternoon, the 10-Year Note Auction at 1:00 PM ET will be a key event, as the yield from this auction reflects investor return expectations and government debt conditions.

As the day progresses, Federal Reserve speakers will provide additional insights into the central bank's policy outlook. Governor Michelle Bowman will speak at 3:30 PM ET, followed by another opportunity for her to share her views at 6:30 PM ET. These remarks will be closely analyzed by market participants seeking clues about future monetary policy directions.

Throughout the day, additional economic indicators will be released, such as the CPI Index, n.s.a. at 8:30 AM ET, Core CPI Index at 8:30 AM ET, Real Earnings at 8:30 AM ET, CPI, n.s.a. at 8:30 AM ET, Redbook at 8:55 AM ET, Fed Logan Speaks at 9:35 AM ET, and Fed Schmid Speaks at 1:30 PM ET. These data points will collectively paint a comprehensive picture of the economic landscape, enabling traders and investors to make informed decisions based on the latest available information.