US CPI, at fastest pace in five months - UOB
|Analysts at UOB Group noted that US September headline CPI inflation was up by 0.3%m/m, the fastest pace in five months.
Key Quotes:
"...Reflecting increases in the prices of fuel and housing. Compared to 1 year ago, CPI inflation was 1.5%y/y (from 1.1% in Aug). However, the core CPI inflation picked up just 0.1%m/m in September (below the expected 0.2%m/m increase) while compared to one year ago, core inflation was at 2.2%y/y in Sep (down from 2.3% in Aug). The markets pared back the chances of a Dec Fed rate hike after the CPI data release. Based on trading in futures and options data compiled by Bloomberg, the probability of another Fed rate hike in November is unchanged at 17.1% on 18 Oct but the probability of a hike by December FOMC is now a bit lower at 62.6% on 18 Oct (from 65.9% on 17 Oct)."
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.