September Inflation Keeps Fed on Track
|U.S. Review
September Inflation Keeps Fed on Track
- While most of the fresh September inflation data came in more or less as we had expected, higher oil prices and recently enacted tariffs have caused us to increase our outlook for inflation.
- Due to the nature of the increase stemming from a one-time upward level shift in prices, we still see the Fed on track to raise rates once a quarter through Q3-2019.
- Producer prices rose 0.2%, while consumer prices were up a more modest 0.1%. A surge in petroleum prices caused import prices to rise 0.5% in September.
Global Review
Global Growth Slightly Weaker Despite U.S. Strength
- In what was a relatively quiet week for international economic data, the International Monetary Fund (IMF) released its biannual World Economic Outlook.
- The IMF noted a theme we have highlighted in numerous recent reports: global growth has been a bit softer-thanexpected this year despite a robust showing from the United States.
- Encouragingly, the economic data of late have been a bit better out of some advanced economies, such as the United Kingdom, while despite the troubles in emerging markets there are some bright spots there as well, such as robust growth in India.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. 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.