Wednesday's CPI Report Could Sway the Fed's Second Rate Hike in Two Months

One inflation report could sway the Fed's second rate hike in two months. The Fed hiked in September for the first time since 2023, and Wednesday brings the last CPI report before its October 28 decision.
As of October 9, traders priced about a 19% chance of an October hike, according to CME FedWatch.
The week ahead (ET):
- Monday: U.S. cash bond market closed for Columbus Day
- Wednesday: September CPI
- Thursday: PPI, retail sales and jobless claims
- Thursday, 11:30 PM: Fed Chair Kevin Warsh speaks with IMF chief Kristalina Georgieva