Oct, 13 2022
VOT Research Desk
In the US, the annual CPI is predicted to drop from 8.3% in August to 8.1% in September.
It is anticipated that the Core CPI, which excludes volatile food and energy costs, would increase from 6.3% to 6.5%.
According to the Fed Watch Tool from the CME Group, markets are currently pricing in an 81.3% chance of a further rate rise of 75 basis points in November.
After the erratic trading on Wednesday, On Thursday we don’t see any impact of the report on dollar. The US Dollar Index oscillates in a narrow range above 113.00 ahead of the much awaited Consumer Price Index (CPI) data for September from the US Bureau of Labor Statistics.
The 10-year US Treasury bond yield continues to hover below 4%, while the US stock index futures are trading flat for the day.
As the Bank of England (BoE) draws closer to the anticipated conclusion of its emergency gilt purchase program investors will also be closely watching the UK gilt markets. In the US, the annual CPI is predicted to drop from 8.3% in August to 8.1% in September.
It is anticipated that the Core CPI, which excludes volatile food and energy costs, would increase from 6.3% to 6.5%.
According to the FedWatch Tool from the CME Group, markets are currently pricing in an 81.3% chance of a further rate rise of 75 basis points in November.
