The consumer price index excluding food and fuel, a measure favoured by economists, is expected to increase 0.3 per cent for a second month.
The consumer price index excluding food and fuel, a measure favoured by economists as a better indicator of underlying price pressures, is seen increasing 0.3 per cent for a second month. On an annual basis, the core CPI is projected to cool, but that’s a reflection of base effects: the index in September of last year rose the most since 1982.
Minutes of the Fed’s September meeting, due on Wednesday, may help shed light on how much central bankers are leaning toward raising interest rates again before the end of the year. The next policy decision comes on November 1.A slew of US central bankers will speak in the coming week, including Vice Chair Philip Jefferson. Governor Christopher Waller and regional Fed presidents Lorie Logan, Raphael Bostic, Neel Kashkari and Susan Collins also speak.
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