US CPI: October print key for Fed path – Deutsche Bank
Deutsche Bank’s US economists expect October US CPI to slow sharply from September’s strong reading, with both headline and core seen at 0.20% month-on-month. They note this is the last CPI release before the next Fed meeting and that markets will watch the implications for PCE inflation.
Deutsche Bank's US economists anticipate a significant deceleration in US CPI for October, following September's robust reading. They project both headline and core inflation to settle at 0.20% month-on-month. This forecast is crucial, as it is the final CPI release before the upcoming Federal Reserve meeting. Markets will closely monitor the implications for personal consumption expenditures (PCE) inflation.
A key point to note is the absence of a year-on-year figure, caused by last year's government shutdown. This anomaly occurred as the October 2025 inflation level was not calculated, leaving no basis for comparison with the current data. The primary focus for the coming days will be the US CPI release, along with the NFIB's small business optimism index for October.
Written by urgent.news from FXStreet's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
