US CPI data has mixed outcomes, with core inflation falling to two-year downturns, the dollar index rising, and the GBPUSD fell

US CPI Data Release

The rise in inflation in the United States, calculated by the shift in the CPI. Which remained stable at 3.7 percent year on year in September. According to the US (BLS) on Thursday. The result mirrored the August’s figure and was somewhat higher than the average market forecast of 3.6 percent.

In September of this year, the yearly Headline CPI, that excluding erratic energy and food costs. Climbed 4.1 percent, matching experts’ expectations. The Consumer Price Index & the Core each gained 0.4 percent and 0.3% month on month.

The US dollar gained ground versus its competitors in Sept and into October. Aided by positive macro-econ reports and rising US government bond rates.

US dollar vs Other Pairing FX Assets

NZD/USD -0.96% AUD/USD -0.80% USD/JPY +0.22% GBP/USD -0.58% EUR/USD -0.57%

The dollar’s value has been struggling lately as a result of dovish remarks from the US central bank members.  The PPI statistics rose the previous day.  However, a closer look revealed that the rise wasn’t not as severe as the headline implied. This is also worth noting how PPI does not necessarily have a direct influence on CPI figures and has a latency.

The US Fed’s policymaker Bostic- added, on Wednesday that sluggish inflation might be an indication the Fed has to act more. Making today’s release of data even more fascinating. The rebound in risky investments, notably US stocks, suggests that the markets investors think the Fed is probably finished raising interest rates. This in spite of an increase in both of the prior overall inflation readings following the annual bottom of three percent during June.

Wall Street in Negative