Index #CPI tonight at 8:30 PM

- Headline inflation: Core CPI is forecast to hit 2.6%, up slightly from September's 2.4%, the lowest since February 2021. Consumer prices are expected to rise 0.2% month-on-month, similar to the previous month's rate⏫

- Core inflation: Core CPI is estimated to have risen 3.3% year-on-year for the third consecutive month. Core inflation remains high due to rising housing prices and costs of services such as insurance and health care.

Although inflation has been rising at a slower pace, it is still above the Fed's 2% target.

In addition, the inflation outlook remains uncertain as economists warn of potential risks that could push costs higher after Donald Trump's re-election. Could cause the Fed to adjust its interest rate cut plan.