Key facts
- US core CPI inflation is forecast to rise to 3.7% in September.
- US core CPI inflation was 3.4% in August.
US CPI inflation forecast to rise to 3.7% in September
IN SHORT
US core inflation is forecast to rise to 3.7% in September, up from 3.4% in August, as higher oil prices are expected to drive up energy costs. The data, due to be released on October 13, could influence the Federal Reserve's monetary policy decisions and market sentiment.
Key Numbers
3.7%US core CPI inflation forecast for September
3.4%US core CPI inflation in August
0.6%US headline inflation forecast for September (month-over-month)
0.4%US headline inflation in August (month-over-month)
2%Federal Reserve's inflation objective
Who's Involved
Federal Reserve
monitors inflation data for monetary policy decisions
US
to release CPI data on October 13
↳ Why This Matters
Higher-than-expected inflation data could prompt the Federal Reserve to maintain or increase interest rates, potentially impacting bond yields, currency valuations, and equity market sentiment. For crypto markets, such a scenario could lead to increased volatility as investors assess risk appetite.