September CPI, Core CPI Will Test Federal Reserve Rate-Pause Bets

September inflation data will put the Federal Reserve’s rate-pause expectations to a major test this week, with the September CPI and core CPI reports scheduled for Oct. 14.

The reports are due at 8:30 a.m. ET (12:30 p.m. UTC). The releases will be followed later in the week by additional labor, retail and producer-price data.

The week also includes several appearances by Federal Reserve officials. Cleveland Fed President Hammack is scheduled to speak Tuesday, when Federal Reserve Gov. Waller will address an economic forum in India at 3:45 a.m. ET (7:45 a.m. UTC). Weekly ADP employment data is due at 8:15 a.m. ET (12:15 p.m. UTC).

Boston Fed President Collins is scheduled to speak Tuesday at 4 p.m. ET (8 p.m. UTC). Federal Reserve Gov. Bowman will speak Wednesday at 5:40 a.m. ET (9:40 a.m. UTC), followed by the release of the Fed’s Beige Book at 2 p.m. ET (6 p.m. UTC).

Thursday’s schedule includes weekly jobless claims, September retail sales, September producer prices and manufacturing surveys from New York and Philadelphia, all at 8:30 a.m. ET (12:30 p.m. UTC). The Energy Information Administration’s oil inventory report is scheduled for noon ET (4 p.m. UTC), while Hammack is due to speak at 4:30 p.m. ET (8:30 p.m. UTC).

Federal Reserve Chair Warsh is scheduled to join International Monetary Fund Managing Director Georgieva for a fireside discussion at the IMF’s annual meeting in Bangkok at 11:30 p.m. ET Thursday (3:30 a.m. UTC Friday).

The September CPI release follows earlier coverage of the October Bitcoin calendar, which identified inflation data and the next Federal Reserve decision as key events for crypto markets.