CPI

The yield on the policy-sensitive 2-year Treasury note rose as markets absorbed September's producer price index inflation figures.

budget sent the country's economy into turmoil](https://www.cnbc.com/2022/09/23/british-pound-plunges-to-fresh-37-year-low-of-1point10-.html). [mixed messages from the Bank of England](https://www.cnbc.com/2022/10/12/british-pound-bank-of-england-bond-purchases-andrew-bailey.html) regarding its emergency bond-buying program and whether this could be extended beyond its original end date this Friday. The benchmark [10-year](/quotes/US10Y/) Treasury yield ticked down 4 basis points to 3.898%. September's producer price index data, which measures wholesale prices of goods, rose 0.4%, according to a Wednesday report from the Bureau of Labor Statistics. [2-year Treasury](/quotes/US2Y/) yield was down 2.9 basis points at 4.287% at 4:00 p.m. into a recession have grown louder in response.

Rising rents and shelter costs are expected to have been a big factor behind the jump in September consumer prices. The consumer price index will be ...

Unless the report is a major miss to the downside, the markets will expect a three-quarter point rate hike, he said. "Asking rents on new leases have slowed sharply, and the surge in multifamily construction combined with notable softening in rental demand points to further deceleration," wrote the economists. Excluding food and energy, CPI is expected to have risen 0.4%, down from 0.6% in August. "It means the Fed has to dampen demand more than it may want to." The Goldman economists see the potential for a slowdown in housing-related inflation. Bank of America economists expect food prices to be up 0.7%, slightly slower than the 0.8% gain in August. Airfares and car insurance were also expected to rise, but used car prices are mostly expected to decline. - Excluding food and energy, CPI is expected to have risen 0.4%, down from 0.6% in August. Bank of America expects core goods were up by 0.2% in September, down from the 0.5% gain in August. By November and December, prices in some categories could be affected by the hurricane as Floridians replace storm-ravaged cars and repair or rebuild homes. The Fed is widely expected to take another swing at curbing inflation, with a three-quarter point rate hike. - The consumer price index will be released Thursday at 8:30 a.m.

Analysts at Goldman Sachs offer their expectations for Thursday's US Consumer Price Index (CPI) release for the month of September. Key quotes "We exp.

This lack of response can be attributed to the current market conditions, which are largely bearish. Gold struggles to capitalize on the previous day's recovery move from the $1,660 support zone and meets with a fresh supply on Thursday. The author makes no representations as to the accuracy, completeness, or suitability of this information. The author has not received compensation for writing this article, other than from FXStreet. The author will not be held responsible for information that is found at the end of links posted on this page. The US dollar is trading broadly subdued with yields amid a cautious market environment. Hawkish Fed bets keep cable bears hopeful ahead of US CPI. UK Chancellor Kwarteng passes the buck on BOE if markets collapse next week. It also does not guarantee that this information is of a timely nature. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

A forecast from the Cleveland Fed is not encouraging. But Brainard and Evans have soothing words.

Evans said he thought the Fed would go to 4.5% by early next year and then “rest.” But considering how far the fed funds rate has travelled, from near zero not long ago, maybe this last leg will be tolerable. This year, the The Brainard said that the Fed will press on, but that inflation will indeed diminish. That seems to be the message from Fed Vice Chair Lael Brainard and Chicago Fed President Charles Evans, in public remarks this week.

Trading expert Michael Kramer looks at what upcoming US inflation data could mean for markets. Read his analysis now.

Before acting on information in this analysis, you should consider whether it is suitable for your circumstances and strongly consider seeking advice from your own financial or investment adviser to determine the suitability of any investment. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Kramer is not affiliated with this company and does not serve on the board of any related company that issued this stock. Given that the market appears to be set up for a hotter-than-expected report, an inline or cooler report could lead to a big move higher in the QQQ, sending it back above $300. You should be aware of the real risk of loss in following any strategy or investment commentary presented in this analysis Strategies or investments discussed may fluctuate in price or value. All opinions and analyses presented by Michael Kramer in this analysis or market report are solely Michael Kramer's views. The ETF has the opposite pattern of the 10-year TIPS rate, a bearish descending triangle, with technical support on the ETF around $104.50. But the big news is what it would mean to the Nasdaq 100 ETF (QQQ). The two-year US Treasury note has formed a bullish flag pattern, and a projection of that flag is what opens the path to around 4.8%. A hotter-than-expected CPI would likely send equity markets sharply lower, as it could kill the last glimmer of hope that the Fed might pull back on rate hikes anytime soon. Markets have been betting that inflation has peaked and that declining inflation would prompt the Federal Reserve to soften its stance on rate rises, perhaps even leading to rate cuts. Analysts now estimate that CPI in September rose 0.2% month-on-month and 8.1% year-on-year, which may be on the low side.

10-year yields and USD/JPY appear to be continuing with their moves higher as markets wait for the CPI print.

The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase or sale of any currency or CFD contract. 10-year yields and USD/JPY appear to be continuing with their moves higher as markets wait for the all-important inflation print. Recall that on September 22nd, the BOJ entered the market at 145.90 and sold USD/JPY down to a low of 140.35. First resistance is at the 127.2% Fibonacci extension from the high to low of September 22nd at 147.41, then the August 1998 highs at 147.65. Any opinions, news, research, analyses, prices or other information contained herein is intended as general information about the subject matter covered and is provided with the understanding that we do not provide any investment, legal, or tax advice. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. Due to a quirk in the economic calendar, September PPI was released the day prior to the September CPI. However, if USD/JPY does pull back, first support is at the prior highs of 145.90, then the lows of October 5th at 143.53. If yields break above the September 28th highs at 4.019%, they could move to 4.325% in a hurry! In addition, Core PPI for September was a touch weaker at 7.2% YoY vs a previous reading of 7.2% YoY and an expectation of 7.3% YoY. The benchmark yields appear to be breaking out of a cup-and-handle formation. This was the lowest reading since July 2021, but it also was a touch higher than the expectation of 8.4% YoY.

US inflation expectations remained pressured on Wednesday as yields retreated ahead of Thursday's key Consumer Price Index (CPI) data for September. T.

This lack of response can be attributed to the current market conditions, which are largely bearish. Gold struggles to capitalize on the previous day's recovery move from the $1,660 support zone and meets with a fresh supply on Thursday. The author makes no representations as to the accuracy, completeness, or suitability of this information. Russia's war in Ukraine? The US dollar is trading broadly subdued with yields amid a cautious market environment. Hawkish Fed bets keep cable bears hopeful ahead of US CPI. The author has not received compensation for writing this article, other than from FXStreet. Louis Federal Reserve (FRED) data, retreated from the recent one-week highs of 2.31% and 2.36% respectively to 2.32% and 2.29% in that order. UK Chancellor Kwarteng passes the buck on BOE if markets collapse next week. The author will not be held responsible for information that is found at the end of links posted on this page. It also does not guarantee that this information is of a timely nature. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.

Dow Jones futures: The stock market avoided rallying into Thursday's CPI inflation report. EV plays Albemarle and Aehr Test Systems dived.

The Energy Select SPDR ETF ( [XLE](https://research.investors.com/quote.aspx?symbol=XLE)) advanced 0.8% and the Financial Select SPDR ETF ( [XLF](https://research.investors.com/quote.aspx?symbol=XLF)) dipped 0.2%. [ARKK](https://research.investors.com/quote.aspx?symbol=ARKK)) rose 1.3% and ARK Genomics ETF ( [ARKG](https://research.investors.com/quote.aspx?symbol=ARKG)) 0.6%. Try SwingTrader](https://www.investors.com/product/swingtrader/?artProdLink=Swingtrader) [Best Growth Stocks To Buy And Watch](https://www.investors.com/stock-lists/best-growth-stocks-buy-watch-ibd-stock-lists/) [IBD Digital: Unlock IBD's Premium Stock Lists, Tools And Analysis Today](https://www.investors.com/product/ibd-digital/?artProdLink=IBD_Digital) [AAPL](https://research.investors.com/quote.aspx?symbol=AAPL)), Nvidia ( [NVDA](https://research.investors.com/quote.aspx?symbol=NVDA)) and many more. [XME](https://research.investors.com/quote.aspx?symbol=XME)) was flat. [IBD Leaderboard](https://leaderboard.investors.com/#/leaders/leadersnearabuypoint) and the [IBD 50](https://research.investors.com/stock-lists/ibd-50/). The iShares Expanded Tech-Software Sector ETF ( [IGV](https://research.investors.com/quote.aspx?symbol=IGV)) edged higher. The Health Care Select Sector SPDR Fund ( [XLV](https://research.investors.com/quote.aspx?symbol=XLV)) fell 0.5%. ( [CCL](https://research.investors.com/quote.aspx?symbol=CCL)) were the S&P 500's top performers Wednesday, all up 10% or more. [hotter-than-expected August CPI inflation](https://www.investors.com/news/economy/cpi-inflation-rate-is-sliding-but-this-is-what-matters-for-the-fed-and-dow-jones/) report on Sept. [Join IBD experts as they analyze actionable stocks in the stock market rally on IBD Live](https://shop.investors.com/offer/splashresponsive.aspx?id=IBD-Live&intcode=invstcntnartcls%7Ccms%7Cibdlive%7C2020%7C07%7Cibdlive%7Cna%7C%7C727112&src=A00433A) [ALB](https://research.investors.com/quote.aspx?symbol=ALB)) abruptly plunged with other lithium plays.

APAC equity markets mostly fell overnight, following US indices, as investors weighed the risks of a global recession. The Federal Open Market Committee ...

[yen](/sg/ig-currency/jpy), meanwhile, remains near a 24-year high against the dollar. [Walgreens Boots Alliance](/sg/shares/markets-shares/walgreen-co-WAG-US) reports its fourth quarter (Q4) earnings before market open. All shares prices are delayed by at least 20 mins. [Delta Air Lines](/sg/shares/markets-shares/delta-air-lines-inc-DAL-US) is expected to post its highest quarterly profit since the start of the pandemic. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit. All shares prices are delayed by at least 15 mins. It does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. Singapore recipients should contact IGA at 6390 5118 for matters arising from, or in connection with the information distributed. NY orange Juice is heading back towards the recently reached six-year high. The Federal Open Market Committee (FOMC) minutes released last night, from the Fed's September meeting, show that the bank’s officials have been surprised by the pace of inflation and indicated that they expect higher interest rates to remain in place until prices come down. Traders await 1.30pm UK, when US consumer price index (CPI) is expected to rise by 8.1% in September year-on-year (YoY) after 8.3% in August. It expects EBI to break even in FY2022, and a loss before tax between £170 million and £190m.

How do policy makers know when their actions against inflation are effective? One of the most widely cited tools at their disposal is the consumer price ...

The How do policy makers know when their actions against inflation are effective? One of the most widely cited tools at their disposal is the consumer price index, also known as the CPI.

(Bloomberg) -- Equities extended declines as caution prevailed before awaited highly anticipated US inflation data later Thursday. The dollar edged higher.

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Wall Street futures ticked higher on Thursday, with investors on edge ahead of a closely watched U.S. inflation report that could keep the Federal Reserve ...

[(NVDA.O)](https://www.reuters.com/companies/NVDA.O) and Tesla Inc [(TSLA.O)](https://www.reuters.com/companies/TSLA.O) slipped 0.5% each in early trading before the opening bell. Oct 13 (Reuters) - Wall Street futures ticked higher on Thursday, with investors on edge ahead of a closely watched U.S. Adding to the nerves, data on Wednesday showed U.S. [read more](/business/aerospace-defense/economic-worries-loom-over-us-airline-earnings-2022-10-12/) [read more](/markets/us/us-producer-prices-increase-more-than-expected-september-2022-10-12/) [read more](/markets/us/fed-officials-saw-cost-doing-too-little-fight-inflation-outweighed-doing-too-2022-10-12/) [The Thomson Reuters Trust Principles.](https://www.thomsonreuters.com/en/about-us/trust-principles.html) Investors also awaited quarterly earnings reports from BlackRock [(BLK.N)](https://www.reuters.com/companies/BLK.N), Domino's Pizza [(DPZ.N)](https://www.reuters.com/companies/DPZ.N), Walgreens Boots Alliance and Delta Air Lines [(DAL.N)](https://www.reuters.com/companies/DAL.N). [(.IXIC)](https://www.reuters.com/quote/.IXIC) and the S&P 500 [(.SPX)](https://www.reuters.com/quote/.SPX) have fallen for six straight sessions on growing fears that aggressive tightening by the Fed could tip the world's largest economy into a recession.

Consumer prices are projected to have climbed 8.1 percent in the year through September, down from the previous month but still far higher than the Federal ...

We took a close look at [five New Yorkers’ food and drink habits](https://www.nytimes.com/2022/08/08/nyregion/inflation-nyc.html?action=click&pgtype=LegacyCollection&state=default&module=styln-us-economy&variant=show®ion=MAIN_CONTENT_1&block=storyline_top_links_recirc)to see where the effects are most felt. The increase, known as a COLA, is intended to help retired and disabled Americans keep pace with the rate of inflation. Based on prices in futures markets, which show where investors expect interest rates to be after the Fed’s upcoming meeting, the forecast is for a three-quarter-point increase. Futures on the S&P 500 were up 0.6 percent in premarket trading, after another drop on Wednesday — the sixth daily decline in a row — took the index to a new low for the year. But they expect the progress to be gradual [as rents continue](https://www.nytimes.com/2022/07/11/business/economy/rent-inflation-interest-rates.html) to climb and other service costs increase. inflation to remain near 0.3 percent or 0.4 percent for the next couple of months before edging down to 0.2 percent or 0.3 percent next year. The Fed aims for 2 percent annual inflation on average, though it defines that using a different inflation gauge — the Monetary policy changes take months or even years to have their full effect on the economy, but central bankers have been clear that they want to show that they are resolute in fighting inflation. [8.3 percent](https://fred.stlouisfed.org/graph/fredgraph.png?g=TUQN) in the year through August. Prices probably increased 6.5 percent after stripping out fuel and food — which tend to be volatile and are often removed from inflation readings to allow for a better sense of underlying trends — making for a slight uptick in the so-called core index. They think core inflation will be 6 percent on an annual basis by the end of 2022, and 2.9 percent by the end of next year. Data to be released on Thursday is expected to show some signs of progress in the Federal Reserve’s fight against inflation.

Inflation is the focus for Wall Street and the global markets, with only an extremely tame rise in consumer prices likely to give Fed members cause to rethink ...

[YALL](https://seekingalpha.com/symbol/YALL)). [wrote Wednesday](https://seekingalpha.com/article/4546099-september-cpi-it-is-sink-or-swim-for-stocks). [USDOLLAR](https://seekingalpha.com/symbol/USDOLLAR)) ( [UUP](https://seekingalpha.com/symbol/UUP)) will continue to see strength through at least the medium term, according to Citi. [Engaging the core](https://seekingalpha.com/news/3890810-september-cpi-preview) (CPI) Reflecting the central bank's decisively hawkish tone, the word "restrictive" appeared 13 times in the September minutes, as opposed to 0 times in the July meeting's minutes. economy would grow at a below-trend pace in this and the coming few years, with the labor market becoming less tight," according to the Federal Open Market Committee's minutes for its Sept. Meanwhile, SA contributor Logan Kane looks to a Cleveland Fed econometric model, which expects core CPI to rise 0.51% M/M in September and 0.53% in October. The consensus for core CPI is 0.4% M/M, down from 0.6% in the previous month. "The market is oversold and the burden of proof has shifted to the bears," he said. "There has been relief from high gasoline prices which tend to aggravate consumers the most, but elevated food and shelter prices appear to be sticking around for a while as unwanted visitors," he said. Meanwhile, core CPI, which strips out volatile food and energy prices, is expected to climb 6.5% Y/Y, faster than the 6.3% increase in the prior month. Listen on the go!

Analysts at UBS expect headline CPI inflation to average 6.7 per cent YoY in FY23 and see RBI's policy outlook to be data dependent contingent on the Fed ...

As the global slowdown materialises and remains entrenched, pent-up demand fades and financial conditions tighten, we expect GDP growth to slow from 7.2 per cent y-o-y in 2022 to a below-consensus 4.7 per cent in 2023 (7 per cent in FY23; 5.2 per cent in FY24). As such, we revise our FY23 CPI forecast up by 20 bps to 6.7 per cent, as a possible upside in food may not get fully offset by some comfort on fuel at the margin i.e., if the recent softening in global crude oil sustains with price remaining in the $90-100 per barrel range. The excessive rainfall in early October 2022 may adversely impact the kharif harvest and delay rabi sowing, thereby posing a material upside risk to the food inflation outlook. Going forward, the unseasonal rains in different parts of the country up to 700 per cent in cereal producing states could have a significantly large impact on cereal and vegetable prices. We continue to expect headline [CPI inflation](/topic/cpi-inflation) to average 6.7 per cent YoY in FY23 and see RBI's policy outlook to be data dependent contingent on the Fed action, India's external sector risks and the lagged impact of monetary tightening on India's inflation and domestic growth outlook. Upside risks to food inflation emanate mainly from cereals due to supply shortages and vegetables amidst reports of excessive rains affecting harvests in certain parts of the country. We expect a 35bp rate hike in the December policy review and peg the terminal rate for the current rate hike cycle at 6.5 per cent, to be reached by February 2023. The quantum of the next rate hike by the RBI will be determined by how much the inflation print recedes in October 2022, as well as the strength of the GDP growth for Q2-FY23. Risks of a higher increase in policy rates in December's review will be contingent on external factors such as movement in oil prices and/or capital market environment. [CPI inflation](/topic/cpi-inflation) to average 6.5 per cent in FY23. In our base case, we expect the monetary policy committee (MPC) to raise the repo rate by another 35 basis points (bps) to 6.25 per cent in December 2022. [READ MORE](https://www.business-standard.com/article/economy-policy/retail-inflation-accelerates-to-7-41-in-sept-iip-contracts-0-8-in-aug-122101200923_1.html?1665644267)

Markets keep their eyes peeled on the US Consumer Price Index (CPI) release. Unless data surprises to the downside, the greenback is set to stay suppo.

This lack of response can be attributed to the current market conditions, which are largely bearish. GBP/USD has retreated from the weekly high it touched near 1.1300 but managed to stabilize near 1.1200. The author makes no representations as to the accuracy, completeness, or suitability of this information. Gold suffered heavy losses in the early American session on Thursday and declined below $1,650. The author has not received compensation for writing this article, other than from FXStreet. [Read more](https://www.fxstreet.com/cryptocurrencies/news/cryptocom-price-continues-to-drop-despite-making-bullish-fundamental-strides-202210130448) [MRNA jumps on Merck (MRK) option](https://www.fxstreet.com/news/moderna-stock-news-and-forecast-mrna-jumps-on-merck-mrk-option-202210131203) The author will not be held responsible for information that is found at the end of links posted on this page. It also does not guarantee that this information is of a timely nature. “The outcome of CPI print can be asymmetric on markets. [Gold News](https://www.fxstreet.com/markets/commodities/metals/gold) [Crypto.com price continues to drop despite making bullish fundamental strides](https://www.fxstreet.com/cryptocurrencies/news/cryptocom-price-continues-to-drop-despite-making-bullish-fundamental-strides-202210130448) FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

New data to be released Thursday morning will underscore the Fed's message that it is far from seeing enough progress on inflation.

A shopper at a grocery store in San Francisco on May 2. (David Paul Morris/Bloomberg News)Listen8 minComment on this storyCommentGift ArticleShareInflation sped up in September compared to the month before, rising 0.4 percent, despite policymakers’ work to bring down higher prices that have weighed on American families and businesses.Financial markets appeared poised to tumble on the news, according to premarket trading, as investors worry the report will ensure tougher interest rates to come by Federal Reserve policymakers.

When consumer-price index data is released later this morning, it will likely show that annual inflation remained stuck at around 8% in September.

They’ll be focused instead on the month-over-month increase in so-called core prices, which exclude volatile food and energy categories.\n\nAccording to economists surveyed by The Wall Street Journal, core prices are expected to have climbed 0.4% in September. When consumer-price index data is released later this morning, it will likely show that annual inflation remained stuck at around 8% in September.\n\nInvestors, though, won’t care too much about that number. On the bright side, that would mark a deceleration from their 0.6% gain in August.

The consumer-price index rose 8.2% in September from a year earlier, the Labor Department reported Thursday. Economists surveyed by the Journal had expected ...

The consumer-price index rose 8.2% in September from a year earlier, the Labor Department reported Thursday.

Consumer prices rose 0.4% in September and were up 8.2% from a year ago, according to BLS data released Thursday. Excluding food and energy, the core ...

Nonfarm payrolls rose 263,000 in September and the unemployment rate fell to 3.5%, tied for the lowest since late-1969. That was just slightly ahead of the 225,000 estimate but still an indicator that layoffs are low. Energy prices have moved higher in October, with the price of regular gasoline at the pump nearly 20 cents higher than a month ago, according to AAA. Jobless claims for the week ended Oct. "The more inflation comes in above expectations, the more they're going to have to prove that commitment, which means higher interest rates and cooling in the underlying economy." Transportation services also showed a big bump, increasing 1.9% on the month and 14.6% on an annual basis. How much the higher prices have hurt consumers could be made clearer Friday, when the Commerce Department and Census Bureau release September's retail sales report. "Inflation is able to run this hot in part because consumers have had very strong purchasing power," she said. Another large jump in food prices boosted the headline number. On a 12-month basis, so-called headline inflation was up 8.2%, off its peak around 9% in June but still hovering near the highest levels since the early 1980s. - Excluding food and energy, the core consumer price index accelerated 0.6% and 6.6%, respectively. "The Federal Reserve has made it very clear they're committed to price stability, they're committed to reducing the inflationary pressures," said Michelle Meyer, chief U.S.

Wall Street hopes that the Federal Reserve might be able to ease up on its battle against inflation later this year were decisively dashed Thursday when ...

Stock futures on the S&P 500 sank below 2% after rising as much as 1.3%, and 10-year Treasury yields jumped above 4%. Core CPI, which excludes food and energy, increased 6.6% from a year ago, the highest level since 1982. Wall Street hopes that the Federal Reserve might be able to ease up on its battle against inflation later this year were decisively dashed Thursday when consumer price index data for September came in

U.S consumer prices increased more than expected in September and underlying inflation pressures continued to build up, reinforcing expectations that the ...

Inflation is a clear worry, but now the next worry is what does the economy look like? This follows on the heels of the producer level inflation that we saw just yesterday, that came in hotter than expected, showing the overall inflation backdrop continues to disappoint to the upside.” "Data came in hotter than expected and that's a bit of a disappointment for the overall market. There are still two more CPI prints before the December meeting with the Fed, but for now, the pivot is on pause. “The hopes for a pivot are on pause. Because the November CPI and PPI, now that oil is up 22% this month, next month that is going to be reflected in that number so CPI, PPI is going to rear its ugly head even higher next month.” “This is a yet another disappointing sign that inflation continues to stay stubbornly high. We're on board with a larger flattening, and while there is sure to be chatter on the potential for a 100 bp hike, this print cements 75 bp in Nov with the more relevant question whether Dec and Feb's hikes will be upsized "Basically this quarter is the start of a recession even though it may not show up in numbers until the first quarter. “That inflation report certainly sucked the enthusiasm out of the room. “Monetary policy works with the lag and so they may be getting ahead of themselves. There's just nothing to dissuade the Fed from their path."

(Bloomberg) -- US stock futures tumbled and Treasury yields spiked higher after inflation data topped estimates, sealing expectations for another sharp ...

- Given the latest CPI report, “any continued pick-up in energy prices can get us to a new high” in headline inflation, said Steve Chiavarone, senior portfolio manager at Federated Hermes. All that would raise the risks of more bond pain, more equity pain, and a greater risk of financial accident.” “In fact, if this kind of upside surprise is repeated next month, we could be facing a fifth consecutive 0.75% hike in December with policy rates blowing through the Fed’s peak rate forecast before this year is over.” They now expect the central bank to push rates past 4.85% before the tightening cyle ends. - The euro fell 0.2% to $0.9686 The reality is that for the foreseeable future the Fed is locked into a stance of unequivocal hawkishness. Bancorp, Wells Fargo & Co. Market bets on rates now lean toward back-to-back 75 basis-point hikes at the next two Fed meetings. - The Japanese yen fell 0.4% to 147.47 per dollar Risk assets have been under pressure all year as central banks around the world attempt to tame runaway inflation. Stocks have plunged more than 25% this year as the central bank began tightening policy to curb inflation, leaving investors to weigh how much damage is left for share prices. This will support bond yields and the US dollar but its yet more bad news for equities.”

European stocks reversed gains on Thursday after another hot inflation reading from the United States spurred expectations that the Federal Reserve was ...

30, with a similar impact expected in the following three months. [(IFXGn.DE)](https://www.reuters.com/companies/IFXGn.DE), ASML [(ASML.AS)](https://www.reuters.com/companies/ASML.AS), ASMI [(ASMI.AS)](https://www.reuters.com/companies/ASMI.AS), BESI [(BESI.AS)](https://www.reuters.com/companies/BESI.AS) and Aixtron [(AIXGn.DE)](https://www.reuters.com/companies/AIXGn.DE) slid between 4% and 9%. Data showed U.S consumer prices increased more than expected in September, reinforcing expectations that the Federal Reserve will deliver a fourth 75-basis points interest rate hike next month. [(NHY.OL)](https://www.reuters.com/companies/NHY.OL) jumped 4.3% after reports that the United States was weighing restricting imports of Russian aluminium. [(AMAT.O)](https://www.reuters.com/companies/AMAT.O) said export restrictions to China would result in a $250 million-$550 million loss in net sales in the quarter ending Oct. [The Thomson Reuters Trust Principles.](https://www.thomsonreuters.com/en/about-us/trust-principles.html) [(.SX8P)](https://www.reuters.com/quote/.SX8P) that were down 5.0% to hit their lowest since May 2020. [(.STOXX)](https://www.reuters.com/quote/.STOXX) fell 1.3% after rising as much as 0.8% earlier in the session following reports that the UK government was discussing making changes to the fiscal plan announced last month that had sparked a rout in bond markets. Latest data confirmed German harmonised inflation was +10.9% y/y in September, while consumer prices (CPI) in Sweden, measured with a fixed interest rate, rose 1.1% from August. The STOXX 600 has fallen 4.3% in the last six days, with markets worried about central banks' aggressive policy moves to tackle high inflation and recent warnings from the International Monetary Fund and the World Bank about a recession. Oct 13 (Reuters) - European stocks reversed gains on Thursday after another hot inflation reading from the United States spurred expectations that the Federal Reserve was likely to stay aggressive in its fight against inflation.

Stocks and bonds fell sharply as stubborn price pressures made it more likely that the Federal Reserve will continue raising interest rates aggressively.

Based on prices in futures markets, which show where investors expect interest rates to be after the Fed’s upcoming meeting, the forecast is for a three-quarter-point increase. “The longer they stay elevated, we are going to see some interesting things happen in the market.” “This is going to put pressure on the Fed to do more.” The two-year Treasury yield soared more than 0.2 percentage points to a new high of 4.5 percent, a big move for an asset that typically moves in hundredths of a percentage point. The new data will be crucial for informing policymakers, and therefore investors, on how much further interest rates will need to rise before inflation starts to consistently fall. The fall comes after another drop on Wednesday, the sixth daily decline in a row.

The cost to protect a basket of US high-grade bonds against default, measured by the Markit CDX North American Investment Grade Index, surged as much as 6.7 ...

The "core" Consumer Price Index, seen as a more steady indicator of inflation, rose 6.6% from a year prior – a four-decade high.

CoinDesk is an independent operating subsidiary of [Digital Currency Group](https://dcg.co/), which invests in [cryptocurrencies](https://dcg.co/#digital-assets-portfolio) and blockchain [startups](https://dcg.co/portfolio/). [strict set of editorial policies](/ethics/). [BTC](https://www.coindesk.com/price/bitcoin/)) tumbled nearly 3% in the minutes after the report to its lowest level since Sept. “Core categories, such as housing costs, tend to be ‘stickier’ in terms of price movements, and can give insight into future inflation expectations.” Crypto traders track monthly inflation figures closely, because the Federal Reserve’s efforts to temper soaring inflation have [pushed down prices](https://www.coindesk.com/markets/2022/09/06/the-fed-wants-you-to-lose-money-in-stocks-and-probably-crypto-too/) for financial assets seen as risky, from stocks to bitcoin. The core CPI rose 6.6% from a year ago to its In a As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of [stock appreciation rights](https://www.investopedia.com/terms/s/sar.asp), which vest over a multi-year period. – rose 8.2% in September from the same month a year ago, slightly higher than the 8.1% forecasted by economists. 1-2, when the FOMC meets next. When some prices fall, others rise. The index rose 0.4% from August.

Today's CPI inflation report saw 0.4% month-on-month inflation for September. That should be enough to confirm the Fed's plans to hike aggressively on ...

If that’s the case, we may see further rate hikes from the Fed in 2023. Similar to the [recent spike in wholesale prices for September](https://www.forbes.com/sites/simonmoore/2022/10/12/september-ppi-report-will-concern-the-fed/?sh=29440d304149), inflation is not falling as fast as the U.S. Shelter costs have a large weight in the inflation series, so falling house prices would likely go some way to tame inflation. One worry is that energy prices have moved up again in October, so far, after recent OPEC+ production cuts. Also if you look at the definition of inflation that strips out food and energy the year-on-year inflation exceeded the recent peak from March. Still, there were some early positives in the data.

The Consumer Price Index report for September, released Thursday, showed that painfully rapid price increases continued to trouble Americans and bedevil the ...

This is bad news for Democrats ahead of the midterms. For the Fed, this probably locks in a big November rate increase. Central bankers have raised interest rates five times this year and are expected to make a fourth jumbo sized, three-quarter-point move at their meeting on November 2. Meanwhile, new car prices and car parts continue to increase sharply in price. A long-awaited slowdown in goods prices isn’t happening as quickly as hoped, and cars are a case in point. Used car prices dropped in September, but not nearly as much as economists expected. It offers a snapshot of the latest trends — and those month-to-month figures looked bad. That measure typically [climbs around 3 percent](https://fred.stlouisfed.org/graph/?g=UNkM)per year, and housing costs matter because they move slowly and make up a big chunk of overall inflation. That’s worrying, because it suggests that wage increases — a major cost for service providers — may be feeding into higher prices. The overall index climbed 8.2 percent in September versus the prior year, a slight moderation from 8.3 percent the previous month — but that was because gasoline prices had fallen, a trend that has since reversed. Here are the takeaways: Practically every other detail of the report was worrying.

Global markets have suffered a torrid few weeks and there was little sign of respite in either Asia or Europe as weak equities knocked MSCI's 47-country world ...

"I would say it's heroic to say the risk of some sort of systemic problem has been extinguished because these are big moves and we don't now how much deleveraging needs to be done," Janus Henderson's O'Connor said. labour markets will be cooling and housing markets will be falling." "I'm more concerned than I've been for some time," said Tom Nash, a fixed income portfolio manager at UBS Asset Management in Sydney. This is extraordinary." Interest rate hikes take a year to 18 months to fully take effect. Treasury yields were edging up in Europe. "Obviously the markets appear a little bit rattled and I think everyone remains worried about the stability of the UK financial markets. "Are we there yet? "The risk of an over-tightening episode and some mishap in financial markets is higher than I can remember." Several policymakers did stress, however, that it would be important to "calibrate" the pace of further rate hikes to reduce the risk of "significant adverse effects" on the economy. As a result "it is quite plausible that around the end of the year, the central banks declare a pause... My feeling is that we are quite close to pricing in peak rates, but on the growth story I think there are probably a lot of downgrades still to come," he said.

World stocks steadied near a two-year low and Japan's yen was pinned at around 1998 levels on Thursday, as investors braced for U.S. inflation data likely ...

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The US Consumer Price Index rose by 8.2% last month, little changed from the 8.3% recorded in August. Goldman Sachs in a note to investors immediately suggested ...

Treasury yields rose on Thursday as markets braced themselves for the release of September's consumer price index data, while digesting PPI figures.

The consumer prices report follows Wednesday's stronger-than-expected producer price index inflation reading. The yields were off the highs of the session in midday trading. Analysts are therefore broadly expecting another 75 basis point hike to be implemented next month, a view likely reinforced by the CPI report. The 10-year Treasury yield rose roughly six basis points to 3.958%. Rising prices, combined with last month's stronger than expected jobs report, all but guarantee the Fed will enact its fourth 0.75% rate hike when officials next meet in November," said Richard Flynn, managing director of Charles Schwab UK. The yield on the 2-year Treasury note jumped 19 basis points to 4.476% at 4:00 p.m ET Thursday .

Treasury yields have reversed course after a sharp selloff in bonds that followed this morning's inflation data. In recent trading, the yield on the ...

That was essentially unchanged from Wednesday’s close—though up from 3.854% just before the consumer-price index data was released and down from 4.073% shortly after the report. Treasury yields have reversed course after a sharp selloff in bonds that followed this morning's inflation data.\n\nIn recent trading, the yield on the benchmark 10-year U.S.

A Labor Department report showed a measure of underlying inflation posting its biggest annual increase in 40 years as rents surged by the most since 1990.

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The hot core CPI reading sent U.S. government bond yields surging above their 2022 peaks, draining investors' hopes that the Federal Reserve might have room ...

The hot core CPI reading sent U.S.

(Bloomberg) -- US stocks roared back from losses sparked by a hot inflation reading on speculation the yearlong selloff had potentially reached a bottom.

- Given the latest CPI report, “any continued pick-up in energy prices can get us to a new high” in headline inflation, said Steve Chiavarone, senior portfolio manager at Federated Hermes. Meanwhile, UK markets remained in turmoil almost two weeks after the government unveiled a plan to drastically cut taxes. The reality is that for the foreseeable future the Fed is locked into a stance of unequivocal hawkishness. The International Energy Agency earlier warned production cuts agreed by OPEC+ risked causing oil prices to spike and tipping the global economy into recession. All that would raise the risks of more bond pain, more equity pain, and a greater risk of financial accident.” And then we look at the fact that we bounced off of this support level and that becomes self-fulfilling.” “In fact, if this kind of upside surprise is repeated next month, we could be facing a fifth consecutive 0.75% hike in December with policy rates blowing through the Fed’s peak rate forecast before this year is over.” Market bets on rates now lean toward back-to-back 75 basis-point hikes at the next two Fed meetings and expect the central bank to push rates past 4.85% before the tightening cycle ends. Risk assets have been under pressure all year as central banks around the world attempt to tame runaway inflation. Stocks plunged 25% this year before Thursday’s rebound, as the central bank tightened policy to curb inflation, leaving investors to weigh how much damage is left for share prices. Technical levels factored into the bounce. The S&P 500 closed up 2.6% after swinging more than 5% during a wild trading day.

A stronger CPI print should have meant that markets came under pressure yesterday. However, oil prices rallied, while supply concerns continue to dominate…

The nearby Shanghai Futures Exchange (ShFE) copper spread moved to a backwardation of over CNY1,600/t as of yesterday, indicating tight domestic supply conditions. For lead, output rose 12.8% YoY and 10% MoM to 295kt in September. In China, the latest SMM survey showed China’s copper cathode production rising 13.2% YoY and 6% MoM to 909kt in September, as some smelters resumed normal operations. As a result of a deteriorating economy and higher prices, the IEA revised lower its demand growth forecasts for both 2022 and 2023 by 60Mbbls/d and 470Mbbls/d respectively. Wheat prices saw further strength yesterday on concern that the Black Sea grains deal may not be renewed when it expires in mid-November. For the first nine months of the year, output rose 2.8% YoY to 29.9mt. Meanwhile, cancelled warrants also declined for a tenth straight session to 48.3kt as of yesterday, signalling potential further inflows. LME aluminium price continued to surge for a second straight session amid worries over a potential ban on Russian supplies, largely ignoring the jump reported in on-warrant stocks. Export limits on fuel would not be very effective, as they would likely push global fuel prices higher, and would then have a positive impact on fuel prices in US regions which import large volumes of refined products from overseas. We also saw slightly stronger crude imports and lower refinery activity over the course of the week. Although when taking into consideration SPR releases, total US crude oil inventories increased by just 2.2MMbbls The large commercial build was predominantly driven by a large decline in crude oil exports. ICE Brent managed to settle almost 2.3% higher yesterday even after the higher-than-expected inflation reading from the US.

A Labor Department report showed a measure of underlying U.S. inflation posting its biggest annual increase in 40 years as rents surged by the most since ...

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Persistence of high inflation triggers see-saw session on Wall Street as investors weigh tougher monetary response.

China's consumer price index increased by 2.8% in September from a year ago, its fastest since April 2020, according to Wind Information.

Much of the gains came from a continued pickup in pork prices, which rose by 36% year-on-year for their biggest rise since August 2020, Wind data showed. by about one or two months, Francoise Huang, senior economist at Allianz Trade, said in a phone interview earlier this week. Changes in China's producer price index tend to precede similar changes in that of the U.S. - Changes in China's producer price index tend to precede similar changes in that of the U.S. - However, China's producer price index grew in September by its slowest since January 2021, according to Wind. - China's consumer price index increased by 2.8% in September from a year ago, its fastest since April 2020, according to Wind Information.

China's consumer prices in September rose at the fastest pace since April 2020, mainly driven by food prices, limiting the scope for more central bank ...

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In a note on Friday, Erin Xin, Greater China economist at HSBC, wrote that despite some “upward pressure in CPI inflation due to higher food prices, the overall ...

BEIJING, Oct. 14 (Xinhua) -- China's consumer price index (CPI), a main gauge of inflation, rose 2.8 percent year on year in September, the National Bureau ...

Specifically, the price of fresh vegetables gained 6.8 percent month on month in September due to high temperatures and dry weather. Food prices went up 1.9 percent month on month, which raised the monthly consumer inflation by about 0.35 percentage points, according to the data. 14 (Xinhua) -- China's consumer price index (CPI), a main gauge of inflation, rose 2.8 percent year on year in September, the National Bureau of Statistics (NBS) said Friday.