Low impact

US September CPI due tonight may show a notable rebound, but markets are unlikely to reprice as long as core inflation stays mild.

Jin1010/14, 10:33 AM

Market impact

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

USD
No clear push
DaysMedium confidence
Mild core inflation caps the case for a near-term Fed policy shift, limiting USD movement
US10Y
No clear push
DaysMedium confidence
Stable core CPI reduces pressure for yields to reprice despite a firmer headline number

What could change this

A larger-than-expected core CPI reading could still trigger a hawkish repricing in yields and the dollar.