Markets expect US September headline inflation to rise 0.6% MoM and 3.6% YoY, a
pace that would keep inflation further above the Fed’s 2% target. Deutsche Bank
analysts note the CPI print comes roughly two weeks before the Fed’s next rate
decision; any surprise will affect market pricing because the Fed’s preferred
PCE data will not be released until after the Oct. 29 decision (evening
release).
