CPI PREVIEW JPMorgan forecasts: • Core CPI at 0.36%, headline at 0.32% for the month, with high shelter costs ongoing. • Shelter costs like OER and rent will keep growing, though at a decelerating rate, above pre-COVID levels. • Expect increases in lodging, airfares, and used vehicles, but a modest rise in apparel and a slight drop in communications. Goldman Sachs forecasts: • Core CPI up 0.31%, headline at 0.19% month-over-month. • Core increase due to rising auction prices, airfare (+1.0%), and car insurance (+0.5%). • Shelter costs stable (OER +0.33%, rent +0.28%), health insurance slightly down (-0.1%). • Core PCE expected at 0.24%. Citi forecasts: • Core CPI at 0.26%, headline at 0.2% month-over-month. • Shelter inflation decreasing, with primary rents at 0.25% and OER at 0.30%; recreation and services softening. • Airfares to drop, health insurance to increase by 1.5% due to data update. • Used cars up by 0.8%, apparel prices to ease to 0.3% possibly in November or December. • Core PCE at 0.24%, anticipating strength in some PCE-relevant sectors.