CPI

Gas prices eased further last month but food and rent continued to march higher, keeping annual inflation at 8.2%, close to a 40-year high.

In September, the price of rice rose 1% from the previous month and 13.6% from a year earlier. He’s also become an avid do-it-yourselfer, changing the oil in his truck and buying a $600 tractor so he can do his own landscaping. [Consumer prices increased 8.2% from a year earlier](https://www.usatoday.com/in-depth/money/2022/09/30/inflation-americans-struggle-with-high-prices/7951433001/), down from an 8.3% rise in August and a four-decade high of 9.1% in June, as climbing food and rent costs again offset falling gasoline prices, according to the Labor Department's Consumer Price Index. Prices for commodities such as wheat and corn broadly have fallen in recent months but remain volatile in part because of Russia’s war with Ukraine, which has disrupted a region that exports a significant share of those crops. [Inflation continued to drift a bit lower last month](https://www.usatoday.com/story/money/2022/10/13/inflation-definition-economy/10088183002/) but the descent from historic highs remains painfully slow and a key measure set a new 40-year record. Grocery prices rose by 0.7% from August and are up 13% over the past 12 months. Pump prices slipped 4.9%, but were still up 18.2% annually and have moved higher in recent weeks after OPEC announced oil production cuts. It has since recovered some of the losses and was down 239 points, or 0.8%, as of 9:55 a.m. That pushed the annual increase from 6.3% to 6.6%, a new 40-year high. Stocks tumbled with the Dow opening down around 500 points as investors priced in the likelihood of further aggressive Fed moves. And while overall inflation is softening gradually, a key measure of underlying price gains hit a new historic level last month. They now buy items such as canned vegetables, soda and paper towels in bulk, saving more than $100 monthly.

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.

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.

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.

The US Bureau of Labor Statistics reported on Thursday that inflation in the US, as measured by the Consumer Price Index (CPI), declined to 8.2% on a.

GBP/USD has extended its rally in the second half of the day and advanced to a fresh weekly high beyond 1.1300. Gold suffered heavy losses and fell to its lowest level in more than 10 days near $1,640 before recovering to the $1,660 area. The author makes no representations as to the accuracy, completeness, or suitability of this information. EUR/USD has gathered bullish momentum and climbed toward 0.9800 during the American trading hours on Thursday. 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. [Read more](https://www.fxstreet.com/cryptocurrencies/news/bitcoin-price-analyst-predicts-massive-breakout-in-crypto-btc-to-10-000-or-29-000-202210131235) [MRNA jumps on Merck (MRK) option](https://www.fxstreet.com/news/moderna-stock-news-and-forecast-mrna-jumps-on-merck-mrk-option-202210131203) This reading came in higher than the market expectation of 8.1%. It also does not guarantee that this information is of a timely nature. As of writing, the US Dollar Index was up 0.28% on a daily basis at 113.58. 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.

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.

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 US September Consumer Price Index (CPI) release should again be a major market mover. In any case, the US dollar is set to stay supported, in.

GBP/USD has extended its rally in the second half of the day and advanced to a fresh weekly high beyond 1.1300. The author makes no representations as to the accuracy, completeness, or suitability of this information. EUR/USD has gathered bullish momentum and climbed toward 0.9800 during the American trading hours on Thursday. 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. [Read more](https://www.fxstreet.com/cryptocurrencies/news/bitcoin-price-analyst-predicts-massive-breakout-in-crypto-btc-to-10-000-or-29-000-202210131235) [MRNA jumps on Merck (MRK) option](https://www.fxstreet.com/news/moderna-stock-news-and-forecast-mrna-jumps-on-merck-mrk-option-202210131203) 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. An above consensus number should send the dollar back to the highs and sink both Treasuries (already softened by the Gilt debacle) and global equity markets.” [EUR/USD News](https://www.fxstreet.com/news?q=&hPP=17&idx=FxsIndexPro&p=0&dFR%5BTags%5D%5B0%5D=EURUSD) [GBP/USD extends rally beyond 1.1300](https://www.fxstreet.com/currencies/gbpusd) 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. Consensus expects 0.4% month-on-month, taking the core year-on-year back to the 6.5% cycle high.

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.

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.

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

(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.”

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 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.

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 Consumer Price Index for All Urban Consumers (CPI-U) was unchanged in July on a seasonally adjusted basis after rising 1.3 percent in June, ...

Inflation in the other five components is accelerating. [Consumer Price Index](https://www.bls.gov/news.release/pdf/cpi.pdf) for All Urban Consumers (CPI-U) was unchanged in July on a seasonally adjusted basis after rising 1.3 percent in June, the U.S. Over the last 12 months, the all items index increased 8.5 percent before seasonal adjustment. However, the composite energy index was down a modest 2.1 percent in September because natural gas rose 2.9 percent and the cost of electricity rose 0.4 percent. - The index for all items less food and energy rose 0.6 percent in September, as it did in August. Energy is the only bright spot in the CPI, as gasoline declined 7.7 percent in July, 10.6 percent in August, and another 4.9 percent in September. - The energy index fell 2.1 percent over the month as the gasoline index declined 4.9 percent but the natural gas and electricity indexes increased. The Econoday consensus missed the mark badly vs a 0.4 percent overall rise and a 0.6 percent rise excluding food and energy. - 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. - Increases in the shelter, food, and medical care indexes were the largest of many contributors to the monthly seasonally adjusted all items increase.

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

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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.

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.

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.

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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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.

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.

U.S. core CPI hit a 40-year high in September, while all-items inflation exceeded expectations at 8.2%. Bitcoin fell to $18100.

Amid the current economic climate, bitcoin could continue experience further downtrends. Thus, continued rate hikes could come from the Federal Reserve which tends to drive instruments like risk assets and bitcoin to lower prices. For instance, fuel oil saw a 58.1% YoY jump and utility piped services hit 33.1%. Continued tightening of monetary policy is making change, however the changes arguably are not as drastic as the Federal Reserve needs in order to curb the problem of broader economic constraints. [declines](https://twitter.com/zerohedge/status/1580542083042988032?s=46&t=mMpXh7JgO2bAPlf2Kfxtmw) over the past 18-month period which continues to show an economy in struggle. The highest levels of inflation continued to be reported in the energy sector.

(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.

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

Gasoline prices pulled back last month, but food and housing costs ticked higher; retail sales were flat.

“So, that last 150 basis points—1.5 percentage points—that’s going to take a while because that goes to the inflation for services, which goes back to wages and the labor market. “Inflation has built up a lot of momentum over the last year,” Bill Adams, chief economist at Comerica Bank, told the Journal. Housing costs rose the most since the early 1980s. [reported](https://www.census.gov/retail/index.html) that retail sales were flat last month compared with a 0.4% August increase over July. The Federal Reserve will likely raise interest rates another 0.75 percentage points at its meeting next month due to the high inflation number. That has to cool off, and that’s going to take some time.” Retail trade sales were down 0.1% (±0.4%) from August but up 7.8% (±0.7%) compared with last year. From August to September, core CPI rose 0.6%, the same as in August, and was up from 0.3% in July. [four-decade high last month](https://www.wsj.com/articles/us-inflation-september-2022-consumer-price-index-11665628037), showing that strong and broad price pressures are still happening, reports the Wall Street Journal. Retail sales at gas stations fell 1.4% last month but were 20.6% (±1.6%) higher compared with September 2021. retail and foodservices sales for September were $684 billion, essentially unchanged (+/-0.5%) from the prior month. Prices were up in the categories of housing, medical care, airline fares and other services.

For the third consecutive month, gasoline prices provided a significant drag to the headline number, declining 4.9 percent over the month. Food prices remained ...

The analyses, opinions, estimates, forecasts, and other views published by the ESR group represent the views of that group as of the date indicated and do not necessarily represent the views of Fannie Mae or its management. Final demand for services prices rose 0.4 percent over the month and 6.8 percent over the year. - The Consumer Price Index (CPI) increased 0.4 percent in September, the largest gain since June, according to the Bureau of Labor Statistics (BLS). - Retail sales and food services were flat in September, according to the Census Bureau. Opinions, analyses, estimates, forecasts, and other views of Fannie Mae's Economic and Strategic Research (ESR) Group included in these materials should not be construed as indicating Fannie Mae's business prospects or expected results, are based on a number of assumptions, and are subject to change without notice. Restaurant sales again outperformed the headline retail sales figure, but it grew at a much slower rate than in August, reflecting relative strength in services spending but still a slowing trend. September’s CPI report felt like a rinse and repeat of August: Headline inflation, helped in part by another decline in gasoline prices, was in line with our expectations, while core CPI came in hotter than we had forecast. Core retail sales, which exclude food services, autos, building supplies, and gas stations, rose 0.4 percent and were upwardly revised in August from a flat reading to a 0.2 percent increase. Excluding food and energy, core CPI increased 0.6 percent for the second consecutive month and was up 6.6 percent annually, the highest reading since 1982, exceeding the previous cyclical high of 6.5 percent in March. As such, “several” participants noted “it would be important to calibrate” future tightening to mitigate “the risk of significant adverse effects on the economic outlook.” Final demand for food prices were up 1.2 percent and energy costs rose 0.7 percent. Still, the minutes noted participants’ views of rising risks to the global and domestic economic outlook.