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US September CPI data highlight of the week - Deutsche Bank

FXStreet (Łódź) - According to Jim Reid, Head of Global Fundamental Credit Strategy at Deutsche Bank, the US CPI release for September, due out on Wednesday, will attract investors' attention as it will be taken into consideration by the Fed in its interest rate hike decision.

Key quotes

"As Joe Lavorgna pointed out to us, since late June the 5-year breakeven inflation rate has declined roughly 60 bps to 1.5% and now stands at the lowest level since September 2011 (1.4%)."

"So the inflation number over the next few months could have a large impact on the Fed's ability to raise rates over the next 12-18 months."

"We still think they'll struggle to raise rates much before the next recession when they'll be forced into QE again."

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