FP Markets Partners

In less than 1 hour, we will get the August US CPI inflation report – the LAST inflation print before next week’s FOMC meeting. The OIS curve is about 50/50 for Fed rate pricing, making this an incredibly important inflation release. Expectations heading into the report indicate that YY headline inflation will remain unchanged at 3.4% (max/min est. range between 3.8% and 3.3%), while MM is forecast to tick higher to 0.4% from 0.1% in July. On the core side – arguably the more important data – economists expect YY to cool to 2.4% from 2.5% (max/min est. range between 2.7% and 2.3%), with MM anticipated to remain at 0.2%. #FPMarkets #FOMC #Fed #CPI #inflation #USD #XAUUSD

Oil punched back above US$100, with the US 10-year Treasury yield now flirting with 5%. The ECB also hiked rates, and markets are pricing in further tightening. Today’s key event risk, however, will be the US CPI report. Catch Aaron’s market briefing here: #FPMarkets #markets #oil #bonds #ECB #Fed #CPI #USD

10-year US Treasury yield Chart of the Day #FPMarkets #chartoftheday #US10Y #bonds #technicalanalysis https://t.co/t3b9IWljmu

While UK GDP growth data lands ahead of the European cash open today, market focus will be squarely on the US CPI report – particularly the core measures. #FPMarkets #GDP #CPI #inflation #GBP #USD https://t.co/MeYwuN62RT