CPI

U.S. stock futures tumbled and Treasury yields spiked higher after inflation data topped estimates, sealing expectations for another sharp interest rate ...

“In fact, if this kind of upside surprise is repeated next month, we could be facing a fifth consecutive 0.75 per cent hike in December with policy rates blowing through the Fed’s peak rate forecast before this year is over.” The current rate is 3.25 per cent. 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. - The Japanese yen fell 0.4 per cent to 147.47 per dollar - The euro fell 0.2 per cent to $0.9686 Bancorp, Wells Fargo & Co. Stocks have plunged more than 25 per cent this year as the central bank began tightening policy to curb inflation, leaving investors to weigh how much damage is left for share prices. Market bets on rates now lean toward back-to-back 75 basis-point hikes at the next two Fed meetings. The reality is that for the foreseeable future the Fed is locked into a stance of unequivocal hawkishness. Two-year yields spiked above 4.5 per cent before pulling back. Risk assets have been under pressure all year as central banks around the world attempt to tame runaway inflation. This will support bond yields and the US dollar but its yet more bad news for equities.”

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%. “Horrible CPI number,” said Andrew ...

“This print raises the level of uncertainty and is bad news for the economy overall, but for consumers in particular. “I do not think this changes much for the Fed, just that it lowers the idea of a Fed pivot. “Looking at the components, what is most worrying is the big jump in services. Inflation pressures remain stubbornly high in spite of some softening in areas which were particularly affected by the pandemic.” Increases in shelter and medical care indices, the stickiest segments of the CPI basket, confirm that price pressures are extremely stubborn and will not go down without a Fed fight.” 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.”

Gold prices rose on Thursday as the dollar retreated ahead of closely watched U.S. inflation data that is expected to offer further clarity on the ...

“This will continue to offer support to the dollar and be detrimental for gold… gold futures rose 0.5% to $1,685.90. Spot gold was up 0.4% at $1,678.39 per ounce as of 1200 GMT. Article content Gold gains as dollar slips ahead of U.S.

(Kitco News) - Gold price have dropped sharply into negative territory as U.S. consumer prices rise more than expected in September, raising prospects that ...

The report said gasoline prices fell 4.9% last month, with the overall energy index dropping 2.1%. The gold market has been unable to withstand solid momentum in the U.S. Expectations for a 75-basis point hike also jumped sharply for December. December gold futures last traded at $1,666 an ounce, down 0.69% on the day. [Kitco News](/)) - Gold prices have dropped sharply into negative territory as U.S. [Editor's Note: With so much market volatility, stay on top of daily news!

Asian stocks followed Wall Street lower and crude oil stayed weak on Thursday as investors weighed the risks of global recession amid hawkish Federal ...

The U.S. Brent crude futures dropped 7 cents, or 0.1%, to $92.38 a barrel, while U.S. West Texas Intermediate crude was down 21 cents, or 0.2%, at $87.06 a barrel. It last traded at $1.1088. 10-year benchmark yield ticked up again in Tokyo trading though, and was last 2 basis points higher than Wednesday at 3.923%. Benchmark 10-year gilt yields had swung from a fresh 14-year peak at 4.632% to close at 4.429% on Wednesday, little changed from the previous session. "A pivot will depend on the inflation data." The immediate focus for investors now is U.S. [(.SPX)](https://www.reuters.com/quote/.SPX) from overnight. U.S. [(.HSI)](https://www.reuters.com/quote/.HSI) dropped 1%, and mainland Chinese blue chips [(.CSI300)](https://www.reuters.com/quote/.CSI300) lost 0.28%. [(.N225)](https://www.reuters.com/quote/.N225) slipped 0.48%, while South Korea's Kospi [(.KS11)](https://www.reuters.com/quote/.KS11) slid 1.15%.

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.

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.

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."

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 ...

Even before the inflation surprise, US high-grade credit spreads had set a new two-year high Wednesday, rising to 165 basis points, according to Bloomberg index data. The overall CPI increased 0.4% last month, and was up 8.2% from a year earlier. The index spread had been trading about two basis points tighter right before the data release.

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.

The Bureau of Labor Statistics released the September Consumer Price Index data last week. The year-over-year non-seasonally adjusted Headline CPI came in ...

The energy index increased 19.8 percent for the 12 months ending September, a smaller increase than the 23.8-percent increase for the period ending August. The all items index increased 8.2 percent for the 12 months ending September, a slightly smaller figure than the 8.3-percent increase for the period ending August. The highlighted two percent level is the Federal Reserve's Core inflation target for the CPI's cousin index, the BEA's Personal Consumption Expenditures (PCE) price index. They have since reverted to the two percent target in their various FOMC documents. The food index continued to rise, increasing 0.8 percent over the month as the food at home index rose 0.7 percent. Over the last 12 months, the all items index increased 8.2 percent before seasonal adjustment. The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in September on a seasonally adjusted basis after rising 0.1 percent in August, the U.S. The indexes for shelter, medical care, motor vehicle insurance, new vehicles, household furnishings and operations, and education were among those that increased over the month. The energy index fell 2.1 percent over the month as the gasoline index declined, but the natural gas and electricity indexes increased. Year-over-year Core CPI (ex Food and Energy) came in at 6.63%, up from 6.32% the previous month. The index for all items less food and energy rose 0.6 percent in September, as it did in August. The year-over-year non-seasonally adjusted Headline CPI came in at 8.20%, down from 8.26% the previous month.

U.S. stocks stormed back from losses sparked by a hot inflation reading on speculation the yearlong selloff had potentially reached a bottom.

The pound surged back above US$1.13, buoyed by reports that government officials are working on a U-turn of tax cuts. - 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. “In fact, if this kind of upside surprise is repeated next month, we could be facing a fifth consecutive 0.75 per cent hike in December with policy rates blowing through the Fed’s peak rate forecast before this year is over.” 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 current rate is 3.25 per cent. The benchmark clawed back more than 40 per cent of the losses over a six-day selloff that took it to a two-year low. All that would raise the risks of more bond pain, more equity pain, and a greater risk of financial accident.” Stocks plunged 25 per cent 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. the market was up pre-open, then we got CPI and then it was down. Risk assets have been under pressure all year as central banks around the world attempt to tame runaway inflation. Technical levels factored into the bounce.

Dow industrials erase a nearly 550 point tumble, after slumping in the wake of a hot consumer-price index reading.

Kroger [KR,](/investing/stock/KR?mod=MW_story_quote)shares rose 1.2%. +11.53% [KR,](/investing/stock/KR?mod=MW_story_quote) +1.15% [was in merger talks](https://www.bloomberg.com/news/articles/2022-10-13/kroger-kr-in-talks-to-combine-with-rival-albertsons-aci?sref=Oeyjq8by)with the smaller grocer. [ACI,](/investing/stock/ACI?mod=MW_story_quote)rose more than 11.5% after Bloomberg News reported that Kroger Co. Assuming the Fed follows through with both, they would be the fourth and fifth 75 basis-point rate hikes of the year, respectively. It was also the first time on record that the Dow has risen at least 800 points in the same trading day that it was down at least 500 points at its low, according to Dow Jones Market Data. [NFLX,](/investing/stock/NFLX?mod=MW_story_quote)shares finished 5.3% higher after the company said +5.27% [it will charge $6.99 for its its ad-supported subscriptions.](https://www.marketwatch.com/story/netflix-up-2-8-ad-supported-tier-to-begin-in-november-271665681311?mod=markets&mod=article_inline) Hogan, however, argued that with the much anticipated CPI reading in the rearview mirror, investors were likely to focus on corporate results as third quarter earnings reporting season gets under way next week. Hot CPI readings have been responsible for some of the biggest down days for the S&P 500 so far in 2022. “Indeed, following the stronger CPI report, the case has been sealed for a fourth 75-basis point hike in September, although there are now talks that the Fed could even hike by 100 bps. This should keep the US dollar supported on the dips against currencies where the central bank is either hiking less aggressively or is not. [DJIA,](/investing/index/DJIA?mod=MW_story_quote)rose 827.87 points, or 2.8%, to finish at 30,038.72, posting the largest one day percentage gain since Monday, November 9, 2020, after dropping nearly 550 points at its session low. Healthcare business.

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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As investors prepare for the latest Consumer Price Index (CPI) report, a barometer for measuring inflation, before the Federal Reserve's November decision ...

[Ethereum](/resources/what-is-ethereum-quickly-explained-four-minute-guide), the second-largest cryptocurrency by market capitalization, has posted losses of 4.6% over the past 24 hours, trading at $1,240. consumer price index will be released Thursday at 8:30 a.m. The U.S.

With no relief for rising inflation in sight and mounting global concerns putting pressure on financial markets worldwide, investors have few options available ...

JPMorgan's Marko Kolanovic expects a 75 basis point hike each from the Fed, ECB, and Bank of England going forward. Taking a glass-half-full approach, today’s print is the third consecutive monthly decline in U.S. inflation following a 40-year record high reading of 9.1% in June 2022. This includes a 5% fall last month, and up to 7% like in Apr this year.” “Bulls are disappointed that Bitcoin has not been more attractive as a safe-haven asset the past several weeks,” Wyckoff said. was up 0.4% month over month, meaning both the yearly and monthly increase came in above expectations, all but assuring that the Federal Reserve will need to continue its aggressive rate hike agenda, markets be damned.

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 .

Technical levels factored into the bounce. At one point, the benchmark S&P 500 had given back 50 per cent of its post-pandemic rally, triggering programmed ...

The pound surged back above US$1.13, buoyed by reports that government officials are working on a U-turn of tax cuts. - 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. “In fact, if this kind of upside surprise is repeated next month, we could be facing a fifth consecutive 0.75 per cent hike in December with policy rates blowing through the Fed’s peak rate forecast before this year is over.” 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 current rate is 3.25 per cent. The benchmark clawed back more than 40 per cent of the losses over a six-day selloff that took it to a two-year low. All that would raise the risks of more bond pain, more equity pain, and a greater risk of financial accident.” Stocks plunged 25 per cent 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. the market was up pre-open, then we got CPI and then it was down. Risk assets have been under pressure all year as central banks around the world attempt to tame runaway inflation. Technical levels factored into the bounce.

The data in the table above was the end product of a real-time modeling system called “Inflation Nowcasting” which is used by the Federal Bank of Cleveland to ...

The CME’s probability indicator is forecasting that there is a 99.3% probability of a 75-basis point rate hike in November. Despite the extremely hawkish and aggressive rate increases implemented by the Federal Reserve since March of this year, it seems as though consumer prices for Americans continue to increase. Because core inflation is the most important component the Federal Reserve uses to make its decision regarding rate hikes it is now perceived that they will become even more aggressive than was anticipated yesterday. The core CPI increased rising from 6.3% in August to 6.6% in September. This modeling system which uses real-time daily data anticipated that the CPI for September would come in at 8.2% year over year. The report showed that inflation increased by 0.4% in September which was higher than the forecasts from economists polled by Bloomberg and the Wall Street Journal.

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.

BTC nose-dived to its lowest level since Sept. 21, and data shows pro traders continue to avoid leverage longs.

On the other hand, bullish markets tend to drive the skew indicator below negative 12%, meaning the bearish put options are discounted. More importantly, the prevailing bearish sentiment remained after the CPI inflation was announced. The indicator should trade at a 4% to 8% annualized premium in healthy markets to cover costs and associated risks. The White House wanted to delay the decision until after the midterms. The 30-day delta skew had been above the 12% threshold since Oct. The slightly higher-than-expected number caused Bitcoin ( [BTC](https://cointelegraph.com/bitcoin-price)) to face a 4.4% price correction from $19,000 to $18,175 in less than three hours. Meanwhile, financial heavyweights JPMorgan Chase (JPM) and Morgan Stanley (MS) are set to report on Oct. After the initial panic selling, Nasdaq adjusted to a 2% daily loss as analysts reaffirmed their expectations toward a 0.75% interest rate increase by the U.S. Investors became even more bearish after BlackRock Inc (BLK) reported a 16% drop in profit versus the previous year. The $18,200 level was the lowest since Sept. The abrupt movement caused $55 million in Bitcoin futures liquidations at derivatives exchanges, the largest amount in three weeks. It is worth highlighting that the dip under $18,600 on Sept.

US stocks noted strong gains on Thursday, October 13, as the investors seem to have taken advantage of the beaten-down prices of the stocks after CPI data ...

(AVGO) and Oracle Corporation (ORCL) were up 1.77 per cent and 2.39 per cent, respectively. ConocoPhillips (COP) and TotalEnergies SE (TTE) ticked up 5.70 per cent and 4.45 per cent, respectively. (AAPL) jumped 3.54 per cent, Microsoft Corporation (MSFT) climbed 3.90 per cent, and NVIDIA Corporation (NVDA) rose 4.10 per cent. Bank of America Corporation (BAC) and Mastercard Incorporated (MA) advanced 5.94 per cent and 3.83 per cent, respectively. Gold futures were down 0.28 per cent to US$1,672.80 per ounce. (V) gained 3.73 per cent, and JPMorgan Chase & Co. Meanwhile, the legacy carrier said that it expects a jump of as much as nine per cent in its Q4 revenue compared to the same period of 2019, citing strong demands for domestic and international travel. (JPM) surged 5.52 per cent. The 6.6 per cent jump in the core CPI marked its highest level since August 1982. The Dow Jones was up 2.83 per cent to 30,038.72. [S&P 500 index](https://kalkinemedia.com/definition/s/S&P-500-index) on Thursday, while the information technology sector provided the highest boost. (BRK-B) rose 4.65 per cent, Visa Inc.