US inflation week: CPI on Tuesday, PPI on Friday and seven Fed speakers

What is coming. On November 10 at 8:30 a.m. US Eastern time (13:30 UTC), BLS releases October CPI. On November 13 at 8:30 a.m. (13:30 UTC), October PPI is out. Both dates are on the official BLS schedule.

What happened last time. In September, CPI rose 0.6% after 0.4% in August. Over 12 months, prices rose 3.7%. Core CPI, without food and energy, rose 0.3% on the month and 2.6% on the year. Producer prices rose 1.3% in September and 6.3% over 12 months. That is the largest yearly rise since December 2022, when it was 6.4%.

Who is speaking. The MarketWatch calendar lists at least seven Fed officials this week: Tom Barkin, Jeff Schmid, Vice Chair Michelle Bowman, Anna Paulson, Beth Hammack, John Williams and Mary Daly. Markets read their words after the inflation data as hints about the next rate move.

Why it matters. The next Fed rate decision is due on December 9. If CPI shows fast price growth again, rates likely stay high for longer. That usually lifts the dollar and weighs on risk assets. If growth slows, the reverse. This is our view, not a forecast of the numbers.

已确认的事实

• BLS will release October CPI on November 10, 2026, at 8:30 a.m. US Eastern time.^[1]
• BLS will release October PPI on November 13, 2026, at 8:30 a.m. US Eastern time.^[2]
• In September, CPI rose 0.6% on the month and 3.7% over 12 months; core CPI rose 0.3% and 2.6%.^[3]
• Final demand PPI rose 1.3% in September and 6.3% over 12 months, the most since December 2022.^[4]
• At least seven Fed officials, including Vice Chair Michelle Bowman, are scheduled to speak in the week from November 9.^[5]
• The next Fed rate decision is scheduled for December 9, 2026.^[6]

影响

• 已确认US October inflation comes out on November 10, producer prices on November 13.
• 我们的解读The CPI print can move the dollar, bonds, stocks and crypto sharply on release day. This is our view.
• 我们的解读September's PPI jump may show up in consumer prices later. This is our view.

仍未知

• What October inflation will be
• What Fed speakers will say after the data
• How markets will price the odds of a Fed move in December

影响到谁

United States, Global. Investors in stocks, bonds and crypto, and anyone tracking the Fed and the dollar

来源

1. US Bureau of Labor Statistics: Schedule of Releases for the Consumer Price Index 2026年11月8日 · 官方
2. US Bureau of Labor Statistics: Schedule of Releases for the Producer Price Index 2026年11月8日 · 官方
3. US Bureau of Labor Statistics: Consumer Price Index - September 2026 2026年10月14日 · 官方
4. US Bureau of Labor Statistics: Producer Price Indexes - September 2026 2026年10月15日 · 官方
5. MarketWatch: U.S. Economic Calendar: major reports and Fed speakers 2026年11月8日 · 媒体
6. Guggenheim Investments: 2026 U.S. Economic Calendar 2026年11月8日 · 媒体