According to Jin10, Macquarie Group global foreign exchange and rates strategist Thierry Wizman said in a report that U.S. September CPI, due out on Wednesday, is expected to accelerate, but it is unlikely to prompt the Federal Reserve to raise rates in October. Wizman said the report would not change the Fed's decision later this month on whether to hike rates. He added that several Fed officials had already signaled a preference for raising rates at alternate meetings rather than at consecutive meetings. A Wall Street Journal survey showed analysts expect U.S. September headline CPI to rise 3.6% year on year from 3.4% in August, while market pricing puts the probability of a rate hike at the Fed's October 28 meeting at about 19%.
