alber&mar

ALBER&MAR MARKET BRIEF

Tuesday Market Outlook

Inflation pressure rises as rates stay restrictive

We enter the October 20 week with inflation pressure firmer and financing costs still restrictive. U.S. consumer prices rose 0.6% in September and producer prices increased 1.3%, while the 10-year Treasury yield ended Monday at 5.15% and Freddie Mac's 30-year mortgage average held at 7.40%. Retail sales still advanced 0.8%, showing demand has not collapsed. In the Dominican Republic, annual inflation eased slightly to 5.12% and remittance inflows remained a constructive support for household activity.

01 · INFLATION

U.S. consumer inflation accelerates in September

The Consumer Price Index rose 0.6% in September and 3.7% over the year. Gasoline increased 9.1% in the month and accounted for more than half of the overall monthly rise, while core CPI increased 0.3% for the month and 2.6% from a year earlier.

SOURCE VERIFIED ✓U.S. Bureau of Labor Statistics ↗Last checked 10/20/2026, 4:29:13 AM

02 · OPERATING COSTS

Producer prices post their largest monthly gain since March 2022

The Producer Price Index for final demand increased 1.3% in September and 6.3% over the year. Goods prices rose 2.6%, services prices advanced 0.8%, and energy was the main driver of the goods increase.

SOURCE VERIFIED ✓U.S. Bureau of Labor Statistics ↗Last checked 10/20/2026, 4:29:14 AM

03 · RATES

The 10-year Treasury yield ends Monday at 5.15%

The U.S. Treasury's daily curve placed the 10-year yield at 5.15% on October 19, up from 5.09% on October 16 but below 5.24% on October 9.

SOURCE VERIFIED ✓U.S. Department of the Treasury ↗Last checked 10/20/2026, 4:29:14 AM

04 · HOUSING FINANCE

The 30-year mortgage average holds at 7.40%

Freddie Mac reported a 7.40% average for the 30-year fixed mortgage and 6.71% for the 15-year fixed mortgage as of October 15.

SOURCE VERIFIED ✓Freddie Mac ↗Last checked 10/20/2026, 4:29:14 AM

05 · DEMAND

Retail sales rise 0.8% in September

Advance U.S. retail and food-services sales reached $745.0 billion in September, up 0.8% from August and 6.3% from a year earlier. Sales for July through September were 5.5% above the same period in 2025.

SOURCE VERIFIED ✓U.S. Census Bureau ↗Last checked 10/20/2026, 4:29:14 AM

06 · DOMINICAN REPUBLIC

Dominican inflation eases slightly but remains just above target

The Banco Central de la República Dominicana reported monthly inflation of 0.33% in September and annual inflation of 5.12%, slightly lower than in August. Core inflation declined to 4.61%.

SOURCE VERIFIED ✓Banco Central de la República Dominicana ↗Last checked 10/20/2026, 4:29:14 AM

07 · DOMINICAN REPUBLIC

Remittances grow 6.5% through September

The Dominican Republic received $9.49 billion in remittances from January through September, 6.5% more than a year earlier. September inflows were $1.06 billion, up 6.6% year over year.

SOURCE VERIFIED ✓Banco Central de la República Dominicana ↗Last checked 10/20/2026, 4:29:15 AM

08 · THIS WEEK

September housing starts arrive Tuesday morning

The Census Bureau schedules its September New Residential Construction release for October 20 at 8:30 a.m. Eastern time, covering building permits, housing starts, and completions.

SOURCE VERIFIED ✓U.S. Census Bureau ↗Last checked 10/20/2026, 4:29:15 AM

09 · POLICY CALENDAR

The Federal Reserve meets October 27-28

The Federal Open Market Committee's published 2026 calendar places its next policy meeting on October 27-28, one week after this outlook.

SOURCE VERIFIED ✓Board of Governors of the Federal Reserve System ↗Last checked 10/20/2026, 4:29:15 AM

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