- Economists polled by Dow Jones expect September headline CPI to rise 0.6% on the month and 3.6% year over year, a 12-month rate that would signal accelerating price growth.
- Core CPI is forecast to rise 0.2% on the month and 2.5% on a 12-month basis, a slight monthly slowdown but an uptick in annual inflation.
- Brent crude rose more than 14% in September, bringing its third-quarter advance to about 42%, and traded around $105 per barrel on Tuesday.
- The Federal Reserve signaled in its latest minutes that it will likely have to hike rates again, and fed funds futures traders anticipate a move at the December meeting.
- Economists forecast the producer price index to rise 0.6% month over month and 5.5% year over year, with the release due Thursday.
Quotes
“We've got real upside risk on the September CPI”
“The list of reasons to hike rates in our view is long”