US supercore CPI rose 3.13% year-over-year in September, up from 3.02% previously, while the month-over-month reading eased to 0.423% from 0.511%.

LiveSquawk10/14, 07:46 PM

Market impact

Which way this story pushes each asset. An inference from the story, not a measured move.

USD
Pushes up
DaysMedium confidence
Hotter CPI reduces pressure for near-term Fed easing, supporting the dollar.
US10Y
Pushes up
DaysMedium confidence
Firmer inflation data lifts Treasury yields as rate-cut expectations fade.
Gold
Pushes down
DaysMedium confidence
Higher yields raise the opportunity cost of holding non-yielding gold.

What could change this

If the Fed downplays the inflation data and signals continued easing bias, the dollar and yield support could fade.