The Bureau of Labor Statistics (BLS) will publish the highly anticipated Consumer Price Index (CPI) inflation data from the United States (US) for September on Thursday at 12:30 GMT.
The US Consumer Price Index is forecast to rise 2.3% YoY in September, at a softer pace than August’s 2.5% increase. Annual core CPI inflation is expected to hold steady at 3.2%. The inflation report could ramp up USD volatility by altering the market expectation of the Fed outlook. The Bureau of Labor Statistics will publish the highly anticipated Consumer Price Index inflation data from the United States for September on Thursday at 12:30 GMT.
The upbeat employment data for September eased fears over a cooldown in the labor market, causing investors to refrain from pricing in a large rate cut. The US Bureau of Labor Statistics reported that Nonfarm Payrolls rose by 254,000 in September, surpassing the market expectation of 140,000 by a wide margin. Additionally, the Unemployment Rate retreated to 4.1% from 4.
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