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).

2026-10-14

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).