# A key report for where inflation stood in October comes out Tuesday. Here’s what to expect

- URL: https://talkfuse.com/story/a-key-report-for-where-inflation-stood-in-october-comes-out-tuesday-heres-what-to-expect/
- Published: 2026-11-09T21:03:55+00:00
- Updated: 2026-11-10T06:11:49+00:00
- Original publisher: CNBC (publisher lean: Centre)
- Original article: https://www.cnbc.com/2026/11/09/october-cpi-report-2026-inflation.html
- Topics: Business, Economy

## Key points

- October inflation data could shape the Fed’s December decision.
- Markets see over 80% odds of a quarter-point rate rise.
- Bank of America says only a very soft reading may change its call.

## Summary

Tuesday’s consumer price index report will show how US inflation stood in October and may influence the Federal Reserve’s next interest-rate decision. Markets assign more than an 80% chance to a quarter-point rate rise in December, while strong economic growth and employment add to scrutiny of price pressures.

The report is the last inflation reading before the Fed’s 8–9 December meeting. US GDP grew at a 3.4% annual rate in the third quarter and the Atlanta Fed estimates 3.5% growth in the fourth; October payrolls rose by 165,000 and unemployment fell to 4.1%. Bank of America expects tariff effects to ease but flags possible goods-price increases tied to AI demand and persistent services costs; it says a December rise is likely unless inflation is clearly soft or financial markets deteriorate.

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Summarised by TalkFuse (https://talkfuse.com/). Quote the original publisher for the reporting and link this page for the summary and discussion.