US Consumer Price Index could alter market expectations of the Federal Reserve interest rates

Oct. 10, 2024 - FXStreet

The US Consumer Price Index is forecast to rise 2.3% YoY in September, at a softer pace than August’s 2.

5% increase. 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.

Economic Indicator Consumer Price Index ex Food & Energy (MoM) Inflationary or deflationary tendencies are measured by periodically summing the prices of a basket of representative goods and services and presenting the data as the Consumer Price Index (CPI). Price pressures keep rising amid supply-chain issues and bottlenecks, with the Consumer Price Index (CPI) hanging at multi-decade highs.

How could the US Consumer Price Index report affect EUR/USD?..