The US CPI data is due on Thursday 13 October 2022.
Earlier here:
In brief from Société Générale:
- We forecast a 0.2% headline CPI increase for September.
- Our core rate forecast is for 0.5%, but this figure is rounded-up, and our actual calculation is 0.45%. The emphasis on the unrounded number is to declare that we would not be at all surprised by a 0.4% MoM increase but would be surprised if the figure were 0.6% or higher.
ANZ:
- We expect US core CPI to rise by 0.5% MoM in September, while lower energy prices should result in headline inflation increasing by 0.3%.
- Elevated rent and robust wage growth are expected to keep services inflation uncomfortably high.
- A confluence of factors should put downward pressure on goods inflation, namely moderating supply bottlenecks, softer commodity prices, lower shipping rates, and a stronger USD.
- The Fed remains singularly focused on inflation. It intends to leave policy restrictive for an extended time. This will result in a lengthy period of below-trend growth and higher unemployment.
- This snapshot from the ForexLive economic data calendar, access it here.
- The times in the left-most column are GMT.
- The numbers in the right-most column are the 'prior' (previous month/quarter as the case may be) result. The number in the column next to that, where is a number, is the consensus median expected.
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