Bank of America resets inflation forecast ahead of CPI
Yahoo Finance·2025-10-21 02:08
Wall Street and Main Street are wringing their hands over the next inflation update from the Bureau of Labor Statistics on Oct. 24. The BLS's monthly Consumer Price Index is a major inflation measure that could sway the likelihood that the Federal Reserve cuts interest rates when it meets on Oct. 29. The last CPI data from August weren't overly reassuring. It showed headline inflation increased to 2.9%, due mainly to recently instituted tariffs. For comparison, the CPI reading in April, before most of Pre ...