US Inflation Data Shows Need for Higher Interest Rates to Slow Demand

Underlying US inflation seen rising at a monthly pace that suggests interest rates will need to stay high.

Consumer Price Index excluding food and fuel expected to increase 0.3% for a second month, showing resilient demand complicating Fed efforts.

Minutes of September Fed meeting may provide insight into how much more officials may raise rates before year end.

Producer Price Index on Wednesday expected to show moderating wholesale inflation.

US central bankers including Fed Vice Chair Philip Jefferson speaking this week ahead of global finance meetings.