Market Highlight 11.11.2026

According to data released by the U.S Department of Labor on Tuesday evening, consumer prices rose by 0,4% in October, or 0,3% excluding food and energy. CPI increased by 3,7% year-on-year last month, driven by elevated energy costs stemming from the Iran war. Over the past 3 months, prices have risen at an annualized pace of 5,7%, well above the FED’s 2% target. The elevated October inflation data has raised questions over whether the U.S Central Bank may accelerate the pace of rate hikes at its December meeting or thereafter. Recent comments from FED officials suggest that consecutive 0,25% rate hikes in December 2026 and January 2027 are becoming more likely than a larger 0,5% increase in December. Several FED members have indicated that at least two additional rate hikes may be needed to bring U.S inflation under control more quickly. The last time the U.S Central Bank raised rates by more than 0,25% was in 2022.

U.S energy prices rose by only 0,7% in October after surging by 5,2% in September. However, a key question remains for the coming months: to what extent will elevated energy prices continue to spill over into other parts of the economy and generate broader price pressures? Economists are also concerned that the Artificial Intelligence boom appears to be pushing up prices for electronic equipment. Television prices rose by 3,3% from the previous month, while smartphone prices increased by 1,4% from September. The USD Index rose by 0,5% after the U.S CPI data was released, while U.S equity indices continued to weaken.

Interbank USD/VND rebounded to 25.610 by the end of Tuesday, one day after the SBV announced plans to purchase USD from market participants. The effective daily ceiling currently stands at 26.880.

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