All eyes are on US CPI tomorrow.
August headline CPI is expected at 3.4% YoY, while core inflation is forecast at 2.4%.
This one could set the tone heading into next week’s Fed decision.
A hotter print could strengthen the case for another rate hike and add more pressure to risk assets.
A cooler reading could do the opposite, helping markets settle after today’s negative reaction to PPI. $GOOGL.US
Either way, tomorrow’s CPI is the number to watch.
Volatility could pick up fast once the data drops.
#USAugustPPIRisesLessThanExpected
#USContinuingJoblessClaims1.774M
August headline CPI is expected at 3.4% YoY, while core inflation is forecast at 2.4%.
This one could set the tone heading into next week’s Fed decision.
A hotter print could strengthen the case for another rate hike and add more pressure to risk assets.
A cooler reading could do the opposite, helping markets settle after today’s negative reaction to PPI. $GOOGL.US
Either way, tomorrow’s CPI is the number to watch.
Volatility could pick up fast once the data drops.
#USAugustPPIRisesLessThanExpected
#USContinuingJoblessClaims1.774M
