When’s September’s CPI Report And What To Expect From It

The September Consumer Price Index report, assessing inflation for the month of August will be released on September 13 at 8.30am E.T. The Fed has signaled that the two recent CPI reports were encouraging. However, in a recent speech, Fed Chair Jerome Powell stated that, “two months of good data are only the beginning of what it will take to build confidence that inflation is moving down sustainably toward our goal.”

That’s why September’s CPI will matter. There’s still a reasonable chance that the Fed raises rates again in 2023, if not at their September meeting then in November. One reason they may do so is if the upcoming CPI report shows concerning inflation trends, breaking with the two prior CPI reports.