US September headline CPI YoY accelerated to the fastest pace since May, driven by higher fuel costs; core CPI also beat estimates. The report tightens household budgets ahead of the Nov. 3 midterm elections and keeps inflation squarely in focus for voters and markets. It is the last inflation print before the Fed's October meeting and supports market expectations of another Fed rate hike in coming months even if the committee holds at the next policy meeting. A Fed official is scheduled to spea

US September headline CPI YoY accelerated to the fastest pace since May, driven by higher fuel costs; core CPI also beat estimates. The report tightens household budgets ahead of the Nov. 3 midterm elections and keeps inflation squarely in focus for voters and markets. It is the last inflation print before the Fed's October meeting and supports market expectations of another Fed rate hike in coming months even if the committee holds at the next policy meeting. A Fed official is scheduled to speak Thursday evening New York time at the IMF meeting in Bangkok.