That would be a cooler print from the previous month, when inflation gained 0.6% and 3.7%, respectively. Economists polled by Dow Jones anticipate inflation rose by 0.3% from the prior month, and by 3.6% on a yearly basis. The September consumer price index that's due out Thursday is expected to show easing inflation. But some traders anticipate stocks will soon start to bounce off oversold conditions. On Tuesday, the index also notched its worst trading day since March. 10-year Treasury yield hit a 16-year high, causing the 30-stock Dow to dip into negative territory for the year. 'And those economic drivers are likely to favor the cyclicals going forward.' A tough start to October Investors are wrapping up a volatile start to October. ' 'Once we get the CPI, PPI, if those numbers come out good, then we're going to stop talking about the Fed.' 'We're going to focus on what the economic drivers are for this economy,' Lebenthal added. 'I'm very bullish right now,' Jim Lebenthal of Cerity Partners said Friday on CNBC's ' Halftime Report. The producer price index comes out Wednesday, while the consumer price index is due out Thursday. Some market participants are hopeful stocks can start to rebound from their recent lows if next week's inflation reports confirm price pressures easing. Those moves helped the major averages curb losses from earlier in the week. Earlier in the session, it was down by as much as 272 points, or 0.8%. It closed Friday higher by 288 points, or 0.9%. At session highs, the Dow Jones Industrial Average rallied 438 points, or 1.3%. By midday, however, the major averages rebounded as investors digested wage growth that came in softer than expected. Stocks initially sold off Friday after September's blockbuster payrolls numbers signaled the Federal Reserve has further to go in its fight against inflation.

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