Breakfast Bites - US CPI today

Author

Ayesha Tariq
October 10, 2024

Rise and shine everyone.

Today’s focus will be the CPI numbers. While inflation may not be the main concern for the Fed anymore, it is worth keeping an eye on. We’ve seen commodity prices start to increase again, post the Fed’s jumbo cut and China’s stimulus measures. Not to mention, oil prices spiking due to geopolitical tensions could also lead to spikes in inflation. Finally, we don’t think we’re out of the woods yet when it comes to Shelter Inflation. The estimates for today are:

All things considered, a spike in inflation may not stop the Fed from cutting rates but it may deter them from cutting too fast. Yesterday’s Fed minutes showed that there were some who didn’t want the 50bps rate cut.

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