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.
Last week in five numbers
| 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: Wind Financial Data Service EDB, retrieved Nov 6, 2026 (HKT). Primary sources: US Bureau of Labor Statistics, ISM Report on Business as compiled by Wind, 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: Wind EDB (BLS, seasonally adjusted), retrieved Nov 6, 2026
Inflation going into Tuesday
| Series | Latest | Prior month | Six months ago | Source |
|---|---|---|---|---|
| CPI, year on year | 3.7% (Sep) | 3.4% (Aug) | 3.8% (Apr) | BLS via Wind |
| Core CPI, year on year | 2.6% (Sep) | 2.4% (Aug) | 2.8% (Apr) | BLS via Wind |
| Fed funds target, upper bound | 4.00% | — | — | Federal Reserve via Wind, as of Sep 17, 2026 |
| 10-year Treasury yield | 4.86% (Nov 6) | 4.91% (Nov 2) | — | US Treasury via Wind |
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: Wind EDB (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.
This week's calendar
| 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. Wind's EDB carries actual prints, not survey medians, so the benchmark column shows the prior reading rather than an expectation.
What to check
- 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.
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Data sourced from Wind Financial Data Service (EDB). Figures as retrieved on Nov 6, 2026 (HKT); the issuing agencies' releases govern if they differ.
常见问题
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 Wind's 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 Wind's series to +60,000.
Where do the numbers on this page come from?
Wind Financial Data Service's EDB 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 as compiled by Wind. Release dates are from the BLS, Federal Reserve and Census Bureau calendars.
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