Macro Data This Week (Nov 9–13, 2026): CPI, PPI, Fed Rate
Two releases decide the week of Nov 9–13: October CPI on Tuesday, measured against 3.7% in September, and October PPI on Thursday. There is no Fed meeting in November. The 10-year Treasury yield closed last week at 4.86%, down from 5.05% on Oct 28. This is a data page, not a recommendation.
What did US data show last week? CPI, payrolls and the 10-year
US payrolls rose 165,000 in October after 60,000 in September, unemployment was 4.1%, and the 10-year Treasury yield closed at 4.86% on Nov 6, 19 bp below its Oct 28 level.
| What | Figure | Period | Read |
|---|---|---|---|
| Nonfarm payrolls | +165,000 | Oct 2026, released Nov 6 | Above September's +60,000; the third positive month after July's −10,000 |
| Unemployment rate | 4.1% | Oct 2026 | Back to the July–August level after 4.2% in September |
| ISM manufacturing PMI | 55.5 | Oct 2026 | Second-highest reading since March after July's 55.6; eight straight months above 52 |
| ISM services business activity | 53.8 | Oct 2026 | Down from 56.5 and from August's 61.7 peak |
| 10-year Treasury yield | 4.86% | Nov 6, 2026 close | 19 bp below the Oct 28 reading of 5.05% |
Source: Winus macro data, retrieved Nov 6, 2026 (HKT). Primary sources: US Bureau of Labor Statistics, ISM Report on Business, US Treasury.
Show data
| Period | thousands | Note |
|---|---|---|
| Mar | 214 | |
| Apr | 148 | |
| May | 63 | |
| Jun | 31 | |
| Jul | -10 | Only negative print of 2026 |
| Aug | 186 | |
| Sep | 60 | |
| Oct | 165 | Released Nov 6, 2026 |
Source: Winus macro data (BLS, seasonally adjusted), retrieved Nov 6, 2026
CPI report analysis: what do the latest US CPI numbers show?
US CPI was 3.7% year on year in September, up from 3.4% in August, with core CPI at 2.6%; October CPI is released on Tuesday, Nov 10.
| Series | Latest | Prior month | Six months ago | Source |
|---|---|---|---|---|
| CPI, year on year | 3.7% (Sep) | 3.4% (Aug) | 3.8% (Apr) | BLS |
| Core CPI, year on year | 2.6% (Sep) | 2.4% (Aug) | 2.8% (Apr) | BLS |
| Fed funds target, upper bound | 4.00% | — | — | Federal Reserve, as of Sep 17, 2026 |
| 10-year Treasury yield | 4.86% (Nov 6) | 4.91% (Nov 2) | — | US Treasury |
Show data
| Period | % | Note |
|---|---|---|
| Feb | 2.4 | |
| Mar | 3.3 | |
| Apr | 3.8 | |
| May | 4.2 | 2026 high |
| Jun | 3.5 | |
| Jul | 3.4 | |
| Aug | 3.4 | |
| Sep | 3.7 | October print due Nov 10 |
Source: Winus macro data (BLS, not seasonally adjusted), retrieved Nov 6, 2026
Two things the table says on its own:
- Headline inflation re-accelerated in September to 3.7% from 3.4%, while core rose to 2.6% from 2.4%. The gap between headline and core, 1.1 points, is the widest since May.
- The policy rate sits at 4.00% against 3.7% headline inflation, a real rate of about 0.3 points on the headline measure and 1.4 points on core. The 10-year at 4.86% is above the policy rate.
What is on the US economic calendar this week (Nov 9-13)?
October CPI comes out Tuesday, Nov 10 and October PPI on Thursday, Nov 13, both at 8:30 AM ET; the next FOMC meeting is Dec 8–9.
| Day | Release | Period | Time (ET) | Benchmark | Source |
|---|---|---|---|---|---|
| Tue Nov 10 | Consumer Price Index | Oct 2026 | 8:30 AM | 3.7% headline, 2.6% core (Sep) | BLS schedule |
| Thu Nov 13 | Producer Price Index | Oct 2026 | 8:30 AM | — | BLS schedule |
| Tue Nov 17 (next week) | Advance retail sales | Oct 2026 | 8:30 AM | — | Census calendar |
| Dec 8–9 | FOMC meeting | — | — | 4.00% upper bound | Federal Reserve |
Not on this page: consensus forecasts for Tuesday's CPI. The macro database carries actual prints, not survey medians, so the benchmark column shows the prior reading rather than an expectation.
What to check in this week's CPI release
Three readings decide whether the summer inflation range holds: headline CPI against 3.7%, core CPI against 2.6%, and the 10-year against 5.00%.
- Headline CPI against 3.7%. A fourth month at or above 3.4% keeps the summer range intact; a print below 3.4% would be the first since March's 3.3%.
- Core CPI against 2.6%. The September rise was the first increase since May.
- The 10-year against 5.00%. It was 5.05% on Oct 28 and has closed below 5% every day since Oct 29; Tuesday's print is the first inflation release since.
How to pull US CPI and rates data yourself in Winus
Open Financial Chat and ask for "US CPI, core CPI, payrolls and the 10-year, last eight observations, with release dates".
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Data sourced from Winus macro data, built from the statistical agencies' releases. Figures as retrieved on Nov 6, 2026 (HKT); the issuing agencies' releases govern if they differ.
FAQ
When is the October 2026 CPI released?
Tuesday, Nov 10, 2026 at 8:30 AM ET, per the Bureau of Labor Statistics release schedule. September CPI was 3.7% year on year, with core CPI at 2.6%.
Is there a Fed meeting in November 2026?
No. The Federal Reserve's 2026 calendar lists Oct 27–28 and Dec 8–9 as the last two FOMC meetings of the year. The federal funds target upper bound was 4.00% as of the Sep 17, 2026 decision in the revised series.
What did the October 2026 jobs report show?
Nonfarm payrolls rose by 165,000 and the unemployment rate was 4.1%, released Nov 6, 2026 by the BLS. September was revised in the revised series to +60,000.
Where do the numbers on this page come from?
Winus macro database, retrieved Nov 6, 2026 (HKT). Primary sources are the US Bureau of Labor Statistics (CPI, payrolls, unemployment), the Federal Reserve (target rate), the US Treasury (10-year yield) and ISM reports. Release dates are from the BLS, Federal Reserve and Census Bureau calendars.
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