The eagerly awaited US CPI data for September is due Thursday - previews

Previews of the

CPI data for September :

• Goldman Sachs have an above consensus forecast for September US CPI (data due on Thursday)

• Do you have your CPI trading playbook ready for tomorrow's big release?
• Preview: What's expected for Thursday's pivotal US CPI report
• All eyes will be on US CPI data this week, due on Thursday 13 October 2022 - preview
• It sounds like the White House is softening us up for a high CPI number on Thursday

BMO snippet:

• we see several distinct potential outcomes
• First, a consensus or lower headline and core-CPI prints that conform to the peak inflation narrative will be largely a non-event and contribute to the case for Fed credibility.
• second scenario, CPI and Core-CPI surprise on the upside ... suggests the current 4.6% terminal projection doesn’t represent the ceiling of how far funds could be increased
• third possible outcome would be a mixed report – headline/core out or underperforming in conflicting directions. Assuming the headline print isn’t paradigm-shifting versus consensus, we’ll err on the side of a traditional focus on the core measure for a directional bias for US rates. The August data (low headline, high core) is an archetype for our expectations should the mixed scenario emerge.