The Consumer Price Index (CPI) report, the Federal Reserve's preferred inflation gauge, is scheduled for release on Thursday, October 10. Current expectations suggest a cooling trend in inflation:

The month-over-month CPI is projected to be 0.1%, down from August's 0.2%. The year-over-year reading is anticipated to drop to 2.3% from August's 2.5%.

Core CPI, which excludes volatile food and energy prices, is expected to have a month-over-month rate of 0.2%, down from August's 0.3%. The year-over-year core rate is projected to hold steady at 3.2%, unchanged from August.

Yahoo Finance Anchor Seana Smith analyzes what investors can expect from this economic report, examining the sectors that have experienced the most significant inflationary pressures.

For more expert insight and the latest market action, click here to watch this full episode of Wealth!

This post was written by Angel Smith