Low impact
Economists surveyed by the Wall Street Journal expect US September headline CPI to rise 0.6% m/m and 3.6% y/y, with core CPI up 0.2% m/m and 2.5% y/y, as Nuveen's Tony Rodriguez says energy-driven inflation pressure has not yet passed through to core prices but risks spreading if it persists.
Jin1010/14, 10:58 AM
Market impact
Which way this story pushes each asset. An inference from the story, not a measured move.
USD
No clear push
DaysLow confidence
A hotter CPI print could reduce Fed easing odds, supporting USD if core inflation stays firm
US10Y
No clear push
DaysLow confidence
Stickier core inflation could lift yields if it reduces expectations for near-term rate cuts
Gold
No clear push
DaysLow confidence
Higher yields from firmer inflation data would raise the opportunity cost of holding Gold
What could change this
If energy-driven pressure stays contained to headline inflation and does not spread to core, as the cited strategist suggests it has not yet, the effect on yields and USD may be muted.