By News Editor 
U.S. financial markets are gearing up for the much-anticipated September Consumer Price Index (CPI) report, set for release today at 8:30 AM ET.
Initially, expectations are set for a year-over-year increase of 3.1% and a month-over-month rise of 0.4%, which could heavily influence Federal Reserve policy and market dynamics as investors gauge inflationary pressures. This time they’ve been cast at 0.2 percent, a bit lower than expected.
Risk sentiments among traders are mixed, with the potential for market volatility looming large if the CPI data deviates from expectations. Analysts note that a robust CPI report could disrupt the recent rally in U.S. Treasury bonds, while a softer reading might bolster ongoing supports in gold and cryptocurrency markets. Nonetheless, headline and core CPI appear to have come in soft causing equities to trade higher in the S&P 500.
Specific cost patterns showed shifts in expenditures for consumers. Used vehicles fell, but airfare rose.