US headline CPI is expected to rise to 3.7% in September, primarily driven by a significant jump in energy costs, while core inflation is forecast to remain steady at 2.4% annually. Global stocks face a critical test as investors await this data, especially as the odds of an October Fed rate hike fell to 25% following weak payroll figures. Meanwhile, energy prices reversed their initial gains during the New York trading session after providing temporary relief.
Global equities face a critical test as investors await US inflation data, while energy prices reverse early gains and AI momentum cools.
Read the full storyCore inflation is forecast to remain steady at 2.4% as markets weigh rising energy prices against weak payroll data and a potential Fed pause.
