'Inflation is not dead': Consumer prices are still in focus for investors despite the Fed's labor-market pivot

Chip Somodevilla/Getty Images; Chelsea Jia Feng/BI

• The upcoming inflation report will help determine the Fed's next move.
• Friday's surprisingly strong jobs data has slashed bets of a half-point rate cut.
• The Fed is more likely to leave rates unchanged in November if price growth is strong, UBS says.

The labor market's unexpected surge in September has left investors wondering about the path of Federal Reserve policy after the central bank said it's shifted...