US September CPI rose 0.6% MoM and 3.7% YoY, with core CPI up 0.3% MoM, driven largely by a 9.1% monthly rise in gasoline prices.

ZeroHedge10/14, 08:06 PM

Figures as quoted by ZeroHedge

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 odds of near-term Fed rate cuts, supporting the dollar.
Gold
Pushes down
DaysMedium confidence
Higher yields tied to the inflation surprise raise the opportunity cost of holding gold.
US10Y
Pushes up
DaysMedium confidence
Hot CPI keeps the Fed leaning hawkish, pushing yields higher.

What could change this

If the CPI beat proves driven mainly by the one-off gasoline price jump, the hawkish read and dollar support could fade.

101.75+0.12%vs previous close

-1.05%

since this story

Measured from the price when this story was posted to the latest stored price, so it can lag the live price.