⚠️ October CPI Inflation Forecasts:
• Kalshi: 2.6%
• TD Securities: 2.6%
• JP Morgan: 2.6%
• Citigroup: 2.6%
• BMO: 2.6%
• Citibank: 2.6%
• Wells Fargo: 2.5%
• Barclays: 2.5%
• Goldman Sachs: 2.4%
• Bank of America: 2.4%
The consensus median for October’s Consumer Price Index (CPI) indicates:
Headline Inflation: Expected to be around 2.6%
Core Inflation: Projected at 3.3%.
If the Core CPI for October turns out to be 3.4% or above, this would signify the first back-to-back increase in core inflation since September 2022.