gauge

Most of the gauges on the Atlanta Fed’s underlying inflation dashboard are higher than ranges consistent with a 2% annual inflation rate.

That will put the focus on a December meeting of the Central Economic Work Conference to gauge direction of fiscal and monetary policies.

“All eyes are looking to gauge India’s response to sanctions against Russia,” said Manish Raj, chief financial officer at Velandera Energy Partners.

Benchmark volatility gauges have settled over the past few trading sessions, however.

The data, which covers 20% of the nation’s private workforce, had been available to the Fed with a roughly one-week delay—making it both a timely and comprehensive gauge of job-market conditions.