Investing.com -- U.S. inflation data could offer more clarity on the future path of interest rates after Friday’s strong jobs report while Wednesday’s minutes of the Federal Reserve’s latest meeting will also be closely scrutinized. Meanwhile, third quarter earnings season gets underway and energy prices remain in focus. Here’s what you need to know to start your week.price index data for September this week as investors continue to weigh the Fed’s ‘higher for longer’ rates mantra.
August’s CPI report showed the fastest increase in 14 months as the cost of gasoline surged, although core inflation, which excludes food and fuel costs rose at the slowest pace in nearly two years.Hot inflation figures could reinforce the Fed’s message that interest rates need to remain higher for longer. The Fed is widely expected to hold rates steady at its Oct 31-Nov.
Investors will also get the chance to hear from several Fed officials during the week including Atlanta Fed President RaphaelThird quarter earnings season gets underway with reports from several big banks with Wall Street investors eager for a catalyst to revive stocks in the face of surging bond yields.) are all due to report ahead of the market open on Friday with investors on the lookout for signs of the impact from higher rates on everything from loan demand to consumer behavior.
For the week, Brent posted a decline of about 11% and WTI recorded an over 8% drop, on worries that persistently high interest rates will slow global growth and hammer fuel demand, even if supplies are depressed by Saudi Arabia and Russia, who said they will continue supply cuts to year end.Global finance officials and central bankers are heading to the Moroccan city of Marrakesh for the annual meetings of the International Monetary Fund and the World Bank.
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