The wait is on for fresh consumer inflation data as investors weigh whether a Donald Trump White House would whip up price pressures.

The consumer price index rose 0.2% in October for the fourth straight month, and advanced 2.6% on an annual basis.

Short-term U.S. interest rates are likely to be lower on Inauguration Day in 2025 than they are on Election Day, and that means the U.S. Federal Reserve almost certainly will continue to cut the benchmark federal funds rate — not just this week but at its December meeting as well.