U.S. inflation expected to reach 3.7% before the Federal Reserve's decision on October 28
2026-10-12 01:10:40
CoinMeta data: The U.S. Consumer Price Index ( CPI ) is expected to rise to 3.7% before the Federal Reserve's decision on October 28th. Economists predict that, due to rising energy costs, the annual inflation rate in August was 3.4%. Core inflation (excluding food and energy) is expected to be 2.5%. The CPI report will be released on October 14th, just two weeks before the Federal Reserve decides whether to maintain interest rates unchanged or to tighten monetary policy again. Conflicts in the Middle East have led to disruptions in global fuel supply, with Brent crude oil prices remaining above $100 per barrel, increasing transportation and household costs. Inflation reports for August showed that gasoline prices rose by 3.9%. If the inflation rate reaches 3.7% in September, it would mark another acceleration in overall consumer prices, posing a challenge for the Federal Reserve to control inflation. The Federal Reserve raised its benchmark interest rate by 25 basis points in September, setting the target range at 3.75%-4.00%. The market expects the Federal Reserve to maintain interest rates unchanged in October, but a CPI report that exceeds expectations could change future interest rate forecasts.
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Source:Coinpaper
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