October CPI Preview: Wall Street Sees Inflation Cooling Sharply
As seen on the 24/7 Wall St. homepage on November 9, 2026.
Consensus puts headline CPI at 0.23% month over month, roughly a third of September's 0.65%, with the release due Tuesday at 8:30 AM ET. A hotter number reopens the Fed hike debate immediately.
US OCTOBER CPI PREVIEW: WALL STREET EXPECTS COOLER INFLATION Release: Tuesday, November 10, at 8:30 AM ET Consensus forecasts (M/M): 🔸 Headline CPI: 0.23% (September: 0.65%) 🔸 Core CPI: 0.22% (September: 0.33%) 🔸 Core PCE estimate: 0.23% Bank forecasts — Headline / Core CPI
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The October CPI report lands Tuesday, November 10, at 8:30 AM ET, with consensus at 0.23% month over month on the headline, roughly a third of September's pace.
Core CPI, the gauge the Federal Reserve watches most closely, is forecast at 0.22% month over month, easing from September.
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If the report comes in hotter than the consensus on the headline, the debate over whether the Fed needs to resume raising rates reopens almost immediately.
A softer-than-expected reading reinforces the case that the disinflationary trend markets have priced in remains intact, making this release one of the most market-moving moments of the week.