Getty ImagesStoked by rising rent costs, consumer inflation is expected to have remained hot in September but slightly lower than August’s pace.The consumer price index will be released Thursday at 8:30 a.m. ET, and it will be closely watched by investors as a key input before the next Federal Reserve meeting on Nov. 1 and 2. The Fed is widely expected to take another swing at curbing inflation, with a three-quarter point rate hike.Economists expect the CPI rose 0.3% in September, up from 0.1% in August, according to Dow Jones. That would mean inflation was running at an annual pace of 8.1%, down from 8.3%.Excluding food and energy, CPI is expected to have risen 0.4%, down from 0.6% in August. But the annual rate of 6.5% core inflation is expected to be higher than the 6.3% in August, due to base effects.”The core inflation is going to be higher, so it’s still an inflation that hasn’t peaked yet in many ways. There’s still more risks of …
