Hotter-Than-Expected Inflation Data Has Investors Betting on a Rate Hike

P.M. Edition for Nov. 10. Data out from the Labor Department today showed that inflation rose 0.4% last month—cooler than September, but still above economist expectations. Journal economics reporter Matt Grossman discusses why this has got traders betting not on if the Fed will hike rates, but by how much. Plus, Americans love beef, but that’s being challenged by persistently high prices. We hear from reporter Patrick Thomas about what’s keeping prices so high and some controversial plans to lower them. And Democrats may not take control of Congress until January, but that’s not stopping them from getting started on their agenda now—and they’re putting some of the biggest names in corporate America on notice. WSJ legal affairs reporter Louise Radnofsky gets into what Democratic lawmakers want from companies and how the companies are getting ready for potential investigations. Alex Ossola hosts. Sign up for the WSJ's free What's News newsletter. Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.