US Consumer Price Index (CPI) data for September is expected to show that inflation remains stuck around 3%, confirming that tariffs and rising service prices continue to complicate the Federal Reserve's efforts to reach its 2% target.
The report is expected to be released on Friday at 3:30 PM Riyadh time, after being delayed due to the ongoing government shutdown. This is the first major federal economic data release since the beginning of the shutdown, which has become the second-longest in US history and shows no signs of ending anytime soon.
Economists expect the headline CPI to rise 0.4% month-over-month, the same rate as August, and 3.1% year-over-year, the highest rate since May and above last year's average of 2.7%.
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