White House adviser Kevin Hassett said US inflation is showing renewed pressure, with September CPI up 0.6% month-over-month and core inflation up 0.3%, warning the acceleration could be temporary or signal a break from the disinflation trend.

Bloomberg10/19, 09:18 PM

Market impact

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

S&P 500
Would push down
DaysMedium confidence
Hotter CPI/core CPI reduces odds of near-term Fed cuts, raising discount rates on equities
USD
Would push up
DaysMedium confidence
Renewed inflation pressure can reduce expectations for Fed easing, supporting the dollar

What could change this

Hassett said the acceleration could be temporary rather than a break from the disinflation trend.

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-1.14%

since this story

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