A fresh reading of inflation is on tap for Thursday. And it’s expected to remain tame. September’s Consumer Price Index is expected to rise 0.1% M/M, according to economists’ consensus, cooling from the 0.

U.S. Consumer Price Index tops this week's economic reports. Traders and investors will be watching closely for Fed interest rate policy implications.

Key Takeaways Inflation likely stayed tame in September, according to forecasters' expectations of a report scheduled for Thursday.Consumer prices are thought to have increased 2.3% over the year, the lowest annual inflation since February 2021.

India’s retail inflation may have spiked back over 5% in September, after two months under the central bank’s median target of 4%, economists reckoned, as price pressures built up for some food items like vegetables and beneficial base effects from the high inflation last year have begun to dissipate.

Consumer Price Index inflation data to be released on October 10 is expected to provide further support for the Federal Open Market Committee cutting rates in November.