A Higher U.S. Inflation Reading Unlikely to Prompt October Fed Hike -- Market Talk

0512 GMT - An anticipated acceleration in U.S. September consumer inflation, due on Wednesday, is unlikely to prompt the Fed to raise interest rates in October, says Macquarie Group's Thierry Wizman in a note. "We do not believe that the report will sway the Fed into hiking later this month," the global FX and rates strategist says. Many Fed officials have already expressed a predilection for hiking at every other meeting, rather than consecutively, he says. Analysts in The Wall Street Journal's poll forecast the headline year-over-year CPI to rise to 3.6% from 3.4% in August. Money markets currently price in a 19% probability of a Fed rate hike on Oct. 28, according to LSEG. (emese.bartha@wsj.com)

(END) Dow Jones Newswires

October 13, 2026 01:12 ET (05:12 GMT)