Particle.news
Download on the App Store

Markets Poised for CPI Release as BLS Breaks Shutdown Data Freeze

The lone data point will help guide next week's expected Fed rate cut after weeks of a government data blackout.

Overview

  • The Bureau of Labor Statistics is set to publish September CPI at 8:30 a.m. ET after recalling limited staff, prioritizing the report so Social Security can calculate the 2026 COLA.
  • Consensus forecasts call for headline CPI up 0.4% month over month and 3.1% year over year, with core CPI seen rising 0.3% on the month and holding at 3.1% annually.
  • Economists expect tariff pass‑through and higher gasoline to lift goods prices, while easing primary shelter costs could temper services inflation.
  • Futures pricing points to a near‑certain 25‑basis‑point Fed cut next week, but analysts warn a CPI surprise could trigger outsized market moves given the broader data blackout.
  • With routine price collection suspended, economists caution that October CPI may face reliability issues or publication challenges if the shutdown persists, even as trade risks loom before a Nov. 1 tariff deadline and a confirmed TrumpXi meeting next week.