#CPIWatch
đš THE MARKET IS NOT READY FOR TODAYâS CPI REPORT
August inflation data drops TODAY at 8:30 AM ET.
Yesterdayâs PPI showed producer prices rose 0.4% in August, up from 0.1% in July.
Now, comes the consumer side:
âą Headline CPI: +0.4% MoM, +3.4% YoY
âą Core CPI: +0.2% MoM, +2.4% YoY
Hot PPI doesnât guarantee hot CPI.
But an upside surprise would mean back-to-back inflation warnings, with markets pricing a 51% chance of a Fed hike next week .
Hot CPI = yields and the dollar jump, while tech likely gets hit.
Cool CPI = rate-hike fears fade, and risk assets get room to rally.
Sticky core CPI = the market stays trapped between weak growth and persistent inflation.
With the Fed meeting next week, one surprise could reshape expectations for Septemberâs decision.
Limitless traders currently see just a 10% chance CPI comes in above 0.4%.
$MET
$çæ„ =0.155
$LAB
đš THE MARKET IS NOT READY FOR TODAYâS CPI REPORT
August inflation data drops TODAY at 8:30 AM ET.
Yesterdayâs PPI showed producer prices rose 0.4% in August, up from 0.1% in July.
Now, comes the consumer side:
âą Headline CPI: +0.4% MoM, +3.4% YoY
âą Core CPI: +0.2% MoM, +2.4% YoY
Hot PPI doesnât guarantee hot CPI.
But an upside surprise would mean back-to-back inflation warnings, with markets pricing a 51% chance of a Fed hike next week .
Hot CPI = yields and the dollar jump, while tech likely gets hit.
Cool CPI = rate-hike fears fade, and risk assets get room to rally.
Sticky core CPI = the market stays trapped between weak growth and persistent inflation.
With the Fed meeting next week, one surprise could reshape expectations for Septemberâs decision.
Limitless traders currently see just a 10% chance CPI comes in above 0.4%.
$MET
$çæ„ =0.155
$LAB
