Inflation Forecast to Slow in October But Core Prices Remain High
- Forecast shows overall inflation slowing in October, led by moderating energy prices
- Core CPI still elevated at 4.1% annually, indicating sticky inflation
- Falling energy prices driving forecast drop in headline CPI
- Analysts say services inflation may also start to slow soon
- Markets see little chance of a December rate hike, but Fed open to more tightening