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Benzinga
Benzinga
Business
Robert Kuczmarski

Hot Inflation Numbers Could Crater Stocks 5% — And Larry Summers Says Prices Aren't Dropping Any Time Soon

Larry Summers JPMorgan Inflation US Federal Reserve Bureau of Labor Statistics

The Consumer Price Index (CPI) data for September will be reported on Oct. 13 by the U.S. The Bureau of Labor Statistics. Analysts at JPMorgan Chase & Co and former U.S. Secretary of the Treasury Larry Summers weighed in on what is happening and what could happen.

Why It Matters: This CPI release will be a key catalyst heading into the Nov. 2 Fed meeting, as 75 bps is the consensus after the past two Fed meetings.

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