Citigroup economists forecast that the US core Consumer Price Index (CPI) rose 0.28% in September, a slower pace than August’s 0.35%, indicating continued moderation in inflation pressures.
ICYMI, it looks like this data will be published, despite the government shut down:
The bank said that while tariffs could keep goods prices elevated, particularly in imported categories, a cooling housing market should help cap services inflation and keep the broader trend contained.
Although a government shutdown may delay official data releases, Citigroup said the underlying direction remains clear — inflation is easing. It highlighted that a softening labour market and slower house price gains have reduced the risk of entrenched inflation, suggesting the Federal Reserve will have scope for additional rate cuts later this year if the disinflation trend persists.
