The Consumer Price Index report for September 2023 is scheduled for release on Thursday, October 12, at 08:30 ET .
This slowdown is evident across the three main categories often used by the Federal Reserve for analysis: goods, services, and housing. These categories have seen slower price growth, with some even experiencing annual declines, especially in goods, including various food items and used cars., which excludes food and energy prices, has been gradually decreasing in 2023, and current predictions suggest that this trend of cooling core inflation will persist. The consensus is looking for a 0.
Goldman Sachs: “We expect a 0.22% increase in September core CPI , corresponding to a year-over-year rate of 3.98% . We expect a 0.30% increase in September headline CPI , which corresponds to a year-over-year rate of 3.55% . Our forecast is consistent with a 0.24% increase in core services excluding rent and owners’ equivalent rent in September… Going forward, we expect monthly core CPI inflation to remain in the 0.2-0.3% range in the next few months.
The move lower in equities could be underpinned by this week’s bounce in equities with the S&P 500 rallying about 150 points after testing a key near-term support near 4200.
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