The US September CPI data will be released on October 24, just 5 days before the Federal Open Market Committee (FOMC) Meeting on October 29.

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[The US September CPI data will be released on October 24, just 5 days before the Federal Open Market Committee (FOMC) Meeting on October 29] The US will announce the CPI data for September on October 24. The CPI being released on Friday is highly anticipated, as it is only 5 days away from the Federal Open Market Committee (FOMC) Meeting on October 29. Additionally, during the US government shutdown, the Bureau of Labor Statistics suspended all other data collection and releases, resulting in no employment reports, US Non-farm Payrolls (NFP), Producer Price Index, or other data releases, making the September CPI data the only reference for the Fed's decision on the federal interest rate. According to Polymarket data, there is a 96% chance that the market is betting on a 25 basis point rate cut by the Fed.

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