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October CPI Report Forecast: Inflation Expected to Rebound for First Time Since March

Market VisionWednesday, Nov 13, 2024 3:14 am ET

1min read

As measured by the CPI, inflation in the US is expected to increase at an annual rate of 2.6% in October, a tad higher than the 2.4% growth reported in September. The core annual CPI inflation, excluding volatile food and energy prices, will likely remain at 3.3% in the same period.

Meanwhile, the monthly CPI and the core CPI are forecast to rise 0.21% and 0.3%, respectively.

It is worth noting that this is the first major economic report following Trump's victory, and it is likely to have a critical impact on the Fed's future policy direction. Additionally, it is expected to shift the focus of U.S. stock market trading back to the Fed's rate-cutting path.

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CaseEnvironmental824

11/13

A 0.21% monthly CPI increase isn't exactly setting the world on fire. More fodder for the'slow and steady' growth narrative. The real question: will this be enough to prompt a rate cut at the next FOMC meeting?

scccc-

11/13

First major economic report after the election, and it's a lukewarm rebound. What does this say about the Trump effect on the economy so far? Not entirely convinced it's a victory lap just yet.

scccc-

11/13

This is just the beginning. With the holidays approaching, inflation will skyrocket! Mark my words. Time to stock up on non-perishables... and gold.

Repa24

11/13

Core CPI remaining steady at 3.3% is the real story here. Indicates underlying price pressures are still contained. Let's see how the market interprets this before making any bold predictions.

Outrageous-Rate-4080

11/13

Well, who didn't see this coming? 'Let's elect a non-economist as President and voilà! The economy will magically improve!' On a serious note, how will the Fed really respond this time?

Terrible_Onions

11/13

Not what I wanted to wake up to. Inflation on the rise again? This means my wallet will take another hit. Hope the Fed knows what they're doing to cut rates effectively.

Jazzlike-Check9040

11/13

Finally, a signal that the economy is bouncing back! A slight increase in inflation might be just what we needed to stimulate growth. Bring on the new era of prosperity!

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