🚨 Upcoming CPI data🚨
Keeping Core CPI in focus, US September CPI Data May Pose Upside Risks
The upcoming U.S. September CPI data may signal persistent inflation, increasing expectations of Federal Reserve rate hikes. Rising business purchase prices and accelerating price pressures suggest upside risks.
Despite weak summer employment data, the September report shows labor market resilience, which could ease concerns. Federal Reserve Chairman Jerome Powell does not want further labor market weakening.