The delayed US September CPI is set to be released at 14:30 CET. We forecast headline CPI at 3.1% y/y from 2.9% and core CPI inflation at 3.1% y/y from 3.1%. We see risks skewed towards a higher reading but think the bar for the Fed skipping its planned rate cut on 29 October is very high.
US CPI and PMIs to guide markets through shutdown
