With CPI and PPI released, economists are updating forecasts for the Fed’s preferred inflation gauge, PCE. Although Friday’s PPI slightly missed analysts’ expectations, overall price pressures remain elevated and have reinforced market odds of a rate hike at the Fed’s next meeting. Oxford Economics forecasts headline PCE inflation will rise to 3.8% YoY in October from 3.6% in September.

2026-11-13

With CPI and PPI released, economists are updating forecasts for the Fed’s preferred inflation gauge, PCE. Although Friday’s PPI slightly missed analysts’ expectations, overall price pressures remain elevated and have reinforced market odds of a rate hike at the Fed’s next meeting. Oxford Economics forecasts headline PCE inflation will rise to 3.8% YoY in October from 3.6% in September.