🇺🇸📊 RESULTS — U.S. INFLATION
September inflation data show slightly more price pressure than expected.
🔹 CORE CPI (MONTHLY)
• Actual: 0.3%
• Forecast: 0.2%
• Previous: 0.3%
👉 Core inflation exceeds expectations and remains at the same pace as the previous month. This indicates that inflationary pressures persist, even excluding food and energy.
🔹 HEADLINE CPI (MONTHLY)
• Actual: 0.6%
• Forecast: 0.6%
• Previous: 0.4%
👉 The figure matches forecasts, but shows that prices accelerated compared with August.
🔹 HEADLINE CPI (ANNUAL)
• Actual: 3.7%
• Forecast: 3.6%
• Previous: 3.4%
👉 Annual inflation has accelerated again and slightly exceeded expectations, moving further away from the Federal Reserve’s 2% target.
📊 OVERALL
The data reflect more persistent inflation than expected. Although headline monthly CPI meets expectations, both core and annual inflation came in higher than expected.
🏦 FOR THE FED
These results could make the path to further interest rate cuts more difficult, especially if inflation continues to prove stubborn in the coming months.
👀 FOR THE NASDAQ AND THE DOLLAR
📉 Nasdaq: The data could create downward pressure if U.S. Treasury yields rise.
💵 Dollar: Higher-than-expected inflation could support its appreciation.
⚠️ We continue to monitor the reaction in bonds and the market. The release of this data does not guarantee a particular direction for the indices.
#CPIWatch $BTC
September inflation data show slightly more price pressure than expected.
🔹 CORE CPI (MONTHLY)
• Actual: 0.3%
• Forecast: 0.2%
• Previous: 0.3%
👉 Core inflation exceeds expectations and remains at the same pace as the previous month. This indicates that inflationary pressures persist, even excluding food and energy.
🔹 HEADLINE CPI (MONTHLY)
• Actual: 0.6%
• Forecast: 0.6%
• Previous: 0.4%
👉 The figure matches forecasts, but shows that prices accelerated compared with August.
🔹 HEADLINE CPI (ANNUAL)
• Actual: 3.7%
• Forecast: 3.6%
• Previous: 3.4%
👉 Annual inflation has accelerated again and slightly exceeded expectations, moving further away from the Federal Reserve’s 2% target.
📊 OVERALL
The data reflect more persistent inflation than expected. Although headline monthly CPI meets expectations, both core and annual inflation came in higher than expected.
🏦 FOR THE FED
These results could make the path to further interest rate cuts more difficult, especially if inflation continues to prove stubborn in the coming months.
👀 FOR THE NASDAQ AND THE DOLLAR
📉 Nasdaq: The data could create downward pressure if U.S. Treasury yields rise.
💵 Dollar: Higher-than-expected inflation could support its appreciation.
⚠️ We continue to monitor the reaction in bonds and the market. The release of this data does not guarantee a particular direction for the indices.
#CPIWatch $BTC