U.S. inflation data

European markets whipsawed on Thursday afternoon as reports emerged of a potential fiscal policy U-turn from the British government and investors around the ...

stock futures](https://www.cnbc.com/2022/10/12/stock-futures-are-up-as-investors-await-inflation-data.html) then plunged after the U.S. ["Street Signs Asia"](https://www.cnbc.com/street-signs-asia/) spoke to Paul Meeks of Independent Solutions Wealth Management, and Jake Dollarhide of Longbow Asset Management, as they face off in making their bull-and-bear case for Meta. consumer price index came in at a [hotter-than-expected 0.4% month-on-month in September](https://www.cnbc.com/2022/10/13/consumer-price-index-september-2022-.html) despite the [Federal Reserve](https://www.cnbc.com/federal-reserve/)'s aggressive interest rate hikes, eroding market hopes that the central bank would pivot away from its hawkish monetary tightening cycle. [Sterling](/quotes/GBP=/) jumped against the [U.S. The CNBC Pro: Is Meta a stock to buy or dodge? That would bring inflation's annual pace to 8.1% from 8.3%. When asked about rumors of a policy U-turn, the U.K. London time, trading at around $1.1265. The index settled at -0.1% by 3:30 p.m London time. inflation print, having been up by 0.8% only moments earlier after reports that the U.K. inflation data](https://www.cnbc.com/2022/10/13/consumer-price-index-september-2022-.html).

Investors are growing increasingly worried that the strict monetary tightening campaign -- including three bumper rate hikes in succession -- will plunge the ...

[Dailymotion ](https://www.dailymotion.com/DeccanHerald) [Facebook ](https://www.facebook.com/deccanherald/) [Twitter ](https://twitter.com/DeccanHerald) [YouTube](https://www.youtube.com/user/deccanads) But the minutes said "several participants noted that, particularly in the current highly uncertain global economic and financial environment, it would be important to calibrate the pace of further policy tightening with the aim of mitigating the risk of significant adverse effects on the economic outlook". Minutes from the Fed's September meeting suggested it will press on with a fourth straight 0.75 percentage-point hike next month, with policymakers noting a slowdown of growth and the jobs market would be "required" to tame inflation, adding that prices remained "unacceptably high".

Gold tumbled the most in more than two weeks after hotter-than-expected US inflation data set the stage for more aggressive interest-rate hikes by the ...

Overall CPI increased 0.4% last month, and was up 8.2% from a year earlier. [increased](https://www.bloomberg.com/news/articles/2022-10-13/core-us-inflation-rises-to-40-year-high-securing-big-fed-hike) 6.6% from a year ago, the highest level since 1982, Labor Department data showed Thursday. The dollar and Treasury yields spiked after the print, weighing on bullion since it is priced in the greenback and pays no interest.

The US Consumer Price Index (CPI) data due at 1230 GMT is forecast to come in at a hot 8.1% year-on-year in September.

[ Business Standard App ](https://www.business-standard.com/apps) for latest [Business News](https://www.business-standard.com/) and [ Market News ](https://www.business-standard.com/markets). [USD/] (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.) [Gold prices](/topic/gold-prices) have fallen nearly $400 since rising above the key $2,000 mark in March, as the safe-haven failed to shine despite geopolitical uncertainty and a recent rout in equities, as most investors sought refuge in the dollar instead. "This will continue to offer support to the dollar and be detrimental for gold...Right now, the upside potential in gold is being capped by the strong dollar and is dictating the unfolding of the events in what concerns [Ahead of inflation data, understanding how CPI is linked to RBI and markets](/article/economy-policy/ahead-of-inflation-data-understanding-how-cpi-is-linked-to-rbi-and-markets-122071200839_1.html) [TMS Ep173: Adani group, Ambuja Cement & ACC, return to office, CPI](/podcast/current-affairs/tms-ep173-adani-group-ambuja-cement-acc-return-to-office-cpi-122051700150_1.html) [Indices end at 9-wk lows ahead of CPI inflation data; Sensex drops 1,158pts](/article/markets/market-live-sensex-nifty-sgx-nifty-oil-inflation-cpi-l-t-tata-motors-122051200106_1.html) [Field day for netizens as CPI-M leader bans IndiGo from travel plans](/article/current-affairs/field-day-for-netizens-as-cpi-m-leader-bans-indigo-from-travel-plans-122071900384_1.html) [CPI(M) leader Kodiyeri Balakrishnan dead, party loses its 'smiling face'](/article/politics/cpi-m-leader-kodiyeri-balakrishnan-dead-party-loses-its-smiling-face-122100100919_1.html) [Gold prices](/topic/gold-prices) were little changed on Thursday, as investors withheld large bets ahead of US [inflation data](/topic/inflation-data) later in the day that is expected to offer further clarity on the Federal Reserve's rate hike trajectory.

According to Investing.com's forecast , the annual US CPI will lower to 8.1% in Sept 2022 from 8.3% in Aug due to cheaper energy and gasoline prices. However, ...

- 🅗🅔🅝🅡🅘🅔🅛🅛🅐-🅖🅔🅞🅕🅕🅡🅔-🅕🅧🅣🅡🅐🅓🅔 on 🅘🅝🅢🅣🅐🅖🅡🅐🅜Like 1 Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. Experts believe the central bank will undertake another 75 bps rate hike in the next meeting. [forecast ](/economic-calendar/cpi-733), the annual US CPI will lower to 8.1% in Sept 2022 from 8.3% in Aug due to cheaper energy and gasoline prices.

High prices remain top of mind for many Americans in the last quarter of a year marked by across-the-board volatility in food, gasoline and energy costs.

"Food price inflation is going to stay a problem in U.S. "Wage growth in the U.S. The central bank has already The annual U.S. Finally, an apparent shortage of workers has continued to put upward pressure on wages, Adams noted. "There's definitely still a Russia-Ukraine effect keeping food prices elevated," he said.

Asian stocks followed Wall Street lower and crude oil stayed weak on Thursday as investors weighed the risks of global recession amid hawkish Federal ...

The U.S. Brent crude futures dropped 7 cents, or 0.1%, to $92.38 a barrel, while U.S. West Texas Intermediate crude was down 21 cents, or 0.2%, at $87.06 a barrel. It last traded at $1.1088. 10-year benchmark yield ticked up again in Tokyo trading though, and was last 2 basis points higher than Wednesday at 3.923%. Benchmark 10-year gilt yields had swung from a fresh 14-year peak at 4.632% to close at 4.429% on Wednesday, little changed from the previous session. "A pivot will depend on the inflation data." The immediate focus for investors now is U.S. [(.SPX)](https://www.reuters.com/quote/.SPX) from overnight. U.S. [(.HSI)](https://www.reuters.com/quote/.HSI) dropped 1%, and mainland Chinese blue chips [(.CSI300)](https://www.reuters.com/quote/.CSI300) lost 0.28%. [(.N225)](https://www.reuters.com/quote/.N225) slipped 0.48%, while South Korea's Kospi [(.KS11)](https://www.reuters.com/quote/.KS11) slid 1.15%.

(Bloomberg) -- Equities extended declines as caution prevailed before awaited highly anticipated US inflation data later Thursday. The dollar edged higher.

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Stocks rose in volatile trading Thursday, recovering from steep losses earlier in the session, as traders assessed the latest U.S. inflation data and what ...

"Effectively they started the year at a 0 - 0.25% Federal Funds rate and are now on track to finish the year at 4.25 - 4.5%." The market is pricing in a fed funds rate of 4.25% to 4.50% by the end of this year, he said. The price of [bitcoin](/quotes/BTC.CM=/) fell 4% to $18,388.00 and [ether](/quotes/ETH.CM=/) slid 6% to $1,216, according to Coin Metrics. [The company sees earnings per share coming in between $1 and $1.25](https://www.cnbc.com/2022/10/13/delta-air-lines-dal-earnings-3q-22-.html), with revenue topping those from the fourth quarter of 2019. "We're adding in a full hike to the terminal rate from yesterday," said Bleakley Advisory Group's Peter Boockvar. [Carvana](/quotes/CVNA/) and [Datadog](/quotes/DDOG/) also fell more than the broader market, falling 6.8% and 5.6% respectively. Treasury yield] and thinking: haven't people seen the momentum to go to 5%?" "People tried to press the short down on the low of the year, and then there was a big short-covering rally. "This is the slowest capitulation in the history of equities," Kilburg said. "While there are signs that cost pressures for shelter have rolled over, we could continue to see pressure in future inflation readings given the lagging nature of measurement in the CPI." The majority of moves we've seen as of late are the folks who trade on the age and do that minute by minute and not month by month." Ironically, the S&P 500 was off by 2.39% at its session low and up by exactly that amount at its high, according to CNBC's Peter Schacknow.

U.S. Inflation number for September released today on October 13 may be seen as an inflection point for stock market investors.

It is expected that the Fed will increase interest rates by 75 basis points for the fourth consecutive meeting of the FOMC on November 2, followed by a 50 bps increase in December. Rate hikes of unprecedented magnitude are expected to have a toll on the economy. The US stock market is now more concerned about the impact of rate hikes on the economy and corporate earnings, in particular. The Fed expects to tighten monetary policy by an additional 1.25 percentage points before the year is over. The Fed has already raised rates by 300 bps from the near-zero levels seen in January 2022. US inflation increased more than the expectations for the month of September.

Spot gold dropped 1.5% to $1647.80 per ounce by 1319 GMT. U.S. gold futures lost 1.4% to $1,6544.50.

Higher interest rates and bond yields lower the appeal of non-yielding gold. consumer price index (CPI) rose 0.4% last month after gaining 0.1% in August, the Labor Department said. In the 12 months through September, the CPI increased 8.2% after rising 8.3% in August. inflation numbers in September cemented market expectations the Federal Reserve will stick to its policy of aggressive interest rate hikes. 10-year Treasury yields also climbed. gold futures lost 1.4% to $1,6544.50. The minutes of the Fed's Sept. The U.S. Download the Spot gold dropped 1.5% to $1,647.80 per ounce by 1319 GMT. Benchmark U.S. U.S.

Major U.S. markets swung sharply lower, with the Dow Jones Industrial Average futures moving from several hundred points up to a 400 point decline in ...

Wholesale used car prices have dropped for most of this year, though the declines have yet to show up in consumer inflation data. Along with lower gas prices, economists expect the prices of used cars to reduce or at least restrain inflation in the coming months. Economists say it could be a year or longer before the declines in new leases feed through to government data. A range of services industries, including airlines, hospitals and even veterinary services — are having to rapidly raise wages to attract the workers they need. The September inflation numbers aren’t likely to change the Fed’s plans to keep hiking rates aggressively in an effort to wrest inflation under control. The cost of eyeglasses and eye care, for example, jumped 3.2% from August to September, the sharpest one-month increase on records. Large retailers, too, have started offering early discounts for the holiday shopping season, after having amassed excess stockpiles of clothes, furniture and other goods earlier this year. Inflation in services is being fueled mainly by steady consumer demand and higher labor costs. markets swung sharply lower, with the Dow Jones Industrial Average futures moving from several hundred points up to a 400 point decline in seconds. Consumer prices rose 8.2% in September compared with a year earlier, the government said Thursday. inflation figures before the Nov. The yearly core figure is the biggest increase in 40 years.

The text talks about the record-breaking rising inflation in the United States that has been witnessed after four decades.

The views expressed here are that of the respective authors/ entities and do not represent the views of Economic Times (ET). September became the first month without an increase since May 2020 in the producer-price index for core goods. Rising inflation expectations helped ignite a first-quarter selloff in Treasuries that pushed yields to pre-pandemic highs. ET hereby disclaims any and all warranties, express or implied, relating to the report and any content therein. The core Consumer Price Index (CPI) increased every month in September, increasing from 0.3 per cent in July to 0.6 per cent, matching the rate of August. After rising by 8.3 per cent in August, the total CPI grew by 8.2 per cent in September compared to the prior month.

Global markets have suffered a torrid few weeks but the US CPI data cut to the heart of worries that major economies will need to be pushed firmly into ...

Sterling was still up after it had roared up almost 1.5% to $1.1263 on the reports of possible tax cut changes. "I would say it's heroic to say the risk of some sort of systemic problem has been extinguished because these are big moves and we don't now how much deleveraging needs to be done," Janus Henderson's Paul O'Connor said. The US currency hit a fresh 24-year high of 147.2 yen and pushed the euro to a 2-week low. Markets show investors now expect US rates to peak at around 4.85% in March, compared with a peak of 4.65% in May that was priced in right before the data. Several policymakers did stress, however, that it would be important to "calibrate" the pace of further rate hikes to reduce the risk of "significant adverse effects" on the economy. "The risk of an over-tightening episode and some mishap in financial markets is higher than I can remember," said Tom Nash, a fixed income portfolio manager at UBS Asset Management in Sydney. Minutes of the Fed's latest policy meeting released on Wednesday had showed many officials "emphasized the cost of taking too little action to bring down inflation likely outweighed the cost of taking too much action". Global markets have suffered a torrid few weeks but the US CPI data cut to the heart of worries that major economies will need to be pushed firmly into recession for inflation to be brought into line. "If this kind of upside surprise is repeated next month, we could be facing a fifth consecutive 0.75% hike in December with policy rates blowing through the Fed’s peak rate forecast before this year is over." The seemingly-unstoppable dollar sparked into life pushing the euro , yen and Swiss franc back down FRX although sterling was still up after a report that the British government was discussing scrapping more of its tax cuts laid out just last month. Traders flipped straight into selloff mode as the US Labor Department's consumer prices index (CPI) report showed headline CPI gaining at an annual pace of 8.2% and core CPI, which eliminates volatile food and fuel prices, at a higher than forecast 6.6%. MSCI's global stock index lurched to a July 2020 low and dollar and bond market borrowing costs rose on Thursday as another red hot US inflation reading cemented bets of another large Fed rate hike next month.