Germany's final October CPI m/m due in 10 minutes.

The New York Times reports a confidential KPMG report shows the U.S. government received and spent more than $12 bln from Venezuelan natural-resource exports in the first nine months of this year. The report, dated days before the U.S. midterm elections, says between Jan. 3 — the date it cites as the start of U.S. military intervention — and Sept. 30 the U.S. Treasury’s Venezuela custodial account received $12.26 bln in deposits. Most funds were reallocated shortly after receipt; the account held about $170 mln at Sept. 30 and earned roughly $12 mln in interest. The bulk of funds returned to Venezuela were sold into the market via FX auctions run by Venezuelan commercial banks; the report does not identify the ultimate beneficiaries of those proceeds.

Fed LOGAN said sources of inflationary pressure are not limited to tariffs, and the broad upward trend in prices may persist.