Higher U.S. Inflation Seen Unlikely to Trigger October Fed Hike
Macquarie strategist Thierry Wizman says faster September U.S. inflation is unlikely to lead the Fed to raise rates later in October.
- published
- in the api
- on the website
on the website stories appear 15 minutes after publication, in the api at once. connect the api →
what happened
Newsmetry API, citing a note from Macquarie Group, reports that an expected acceleration in U.S. consumer inflation for September is unlikely to lead the Federal Reserve to raise interest rates in October. “We do not believe that the report will sway the Fed into hiking later this month,” said Thierry Wizman, the firm’s global FX and rates strategist.
Wizman said many Fed officials had already indicated a preference for raising rates at every other meeting rather than at consecutive meetings. Analysts surveyed by The Wall Street Journal expect headline year-over-year CPI inflation to increase to 3.6% from 3.4% in August. Money markets currently assign a 19% probability to a rate increase on Oct. 28, according to LSEG.
why it matters
The inflation release could affect the dollar, U.S. government bonds and equities by shifting expectations for Fed policy. For now, markets assign only a 19% probability to an October hike.
instruments
sources
- A Higher U.S. Inflation Reading Unlikely to Prompt October Fed Hike — Market Talk — Newsmetry API, 13 October 2026 at 05:12 UTC
prepared by the newsmetry newsroom with ai assistance from the sources listed below. not investment advice.
on the website stories appear 15 minutes after publication, in the api at once.
get stories in real time ↗