CPI data and FOMC minutes to guide markets next week

As traders approach another pivotal week for financial markets, a series of crucial decisions and economic data releases that could sway market dynamics are expected. On Wednesday, market participants will scrutinize the Federal Open Market Committee (FOMC) meeting minutes for insights into future monetary policy decisions. Thursday brings the highly anticipated Consumer Price Index (CPI) data, a key indicator of inflation trends. Additionally, traders will be watching for the Producer Price Index (PPI) release on Friday, which could provide further clues about inflationary pressures in the economy.

Major Economic Events to Watch

• Wednesday, October 9, 10:30 AM ET: EIA Crude Oil Inventories - Previous: 3.889M

• Wednesday, October 9, 2:00 PM ET: FOMC Meeting Minutes

• Thursday, October 10, 8:30 AM ET: CPI (MoM) - Forecast: 0.1%, Previous: 0.2%

• Thursday, October 10, 8:30 AM ET: Core CPI (MoM) - Forecast: 0.2%, Previous: 0.3%

• Thursday, October 10, 8:30 AM ET: CPI (YoY) - Forecast: 2.3%, Previous: 2.5%

• Thursday, October 10, 8:30 AM ET: Initial Jobless Claims - Previous: 225K

• Friday, October 11, 8:30 AM ET: PPI (MoM) - Forecast: 0.1%, Previous: 0.2%

For further information and the latest updates, please refer to our Economic Calendar, here https://www.investing.com/economic-calendar/

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Source: Investing.com