Cpi September 2024 Prediction

Cpi September 2024 Prediction. Consumer price index inflation data for september is expected to provide some support for the federal open market committee cutting interest rates in november. After a half percentage point reduction in september, the central bank is expected to continue cutting, though the pace and degree remain in question.

The cleveland fed produces nowcasts of the current period’s rate of inflation—inflation in a given month or quarter—before the official cpi or pce inflation data are released. It is likely that the increase in inflation rate for the month of.