#CPI tonight at 7:30pm - forecasts from financial institutions for the month
CPI: Forecasted increase ranges from 0.05% - 0.13%.
Annual inflation rate forecast ranges from 2.2% - 2.4%.
=> The average forecast increased by 0.09% in September, with an annual inflation rate of 2.3%.
Core CPI: Forecasted increase ranges from 0.22% - 0.31%,
Annual inflation rate is expected at 3.1% - 3.3%.
=> The average forecast increased by 0.26%, with an annual inflation rate stable at 3.2%.
The Fed sets a long-term inflation target of 2%. With this forecast, inflation is still above the target, but shows signs of stability compared to before. This further confirms the upcoming interest rate reduction from the FED.
