by Simon Moore
Forbes
Further evidence of disinflation is expected with October’s Consumer Price Index report. However, with inflation close to the Federal Open Market Committee’s 2% annual goal, jobs data is likely to have a greater bearing on the FOMC’s upcoming interest rate decisions. Still, relatively good news on inflation is expected.
When Is The October CPI Report?
CPI figures for the month of October 2024 are scheduled to be released on November 13 at 8:30 a.m. ET. This is the earlier of two major inflation releases for the month, with Personal Consumption Expenditure Price Index being released on at 10 a.m. ET on November 27 as part of the Personal Income and Outlays report. The FOMC prefers the PCE as an inflation metric. However, CPI tends to have more market impact because it is released earlier and the CPI and PCE metrics are often aligned.