US inflation data

US inflation data: US stock futures tumbled and Treasury yields spiked higher after the inflation data topped estimates.

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.

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.

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.

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.

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%.

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.

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.

Consumer prices are projected to have climbed 8.1 percent in the year through September, down from the previous month but still far higher than the Federal ...

We took a close look at [five New Yorkers’ food and drink habits](https://www.nytimes.com/2022/08/08/nyregion/inflation-nyc.html?action=click&pgtype=LegacyCollection&state=default&module=styln-us-economy&variant=show®ion=MAIN_CONTENT_1&block=storyline_top_links_recirc)to see where the effects are most felt. The increase, known as a COLA, is intended to help retired and disabled Americans keep pace with the rate of inflation. Based on prices in futures markets, which show where investors expect interest rates to be after the Fed’s upcoming meeting, the forecast is for a three-quarter-point increase. Futures on the S&P 500 were up 0.6 percent in premarket trading, after another drop on Wednesday — the sixth daily decline in a row — took the index to a new low for the year. But they expect the progress to be gradual [as rents continue](https://www.nytimes.com/2022/07/11/business/economy/rent-inflation-interest-rates.html) to climb and other service costs increase. inflation to remain near 0.3 percent or 0.4 percent for the next couple of months before edging down to 0.2 percent or 0.3 percent next year. The Fed aims for 2 percent annual inflation on average, though it defines that using a different inflation gauge — the Monetary policy changes take months or even years to have their full effect on the economy, but central bankers have been clear that they want to show that they are resolute in fighting inflation. [8.3 percent](https://fred.stlouisfed.org/graph/fredgraph.png?g=TUQN) in the year through August. Prices probably increased 6.5 percent after stripping out fuel and food — which tend to be volatile and are often removed from inflation readings to allow for a better sense of underlying trends — making for a slight uptick in the so-called core index. They think core inflation will be 6 percent on an annual basis by the end of 2022, and 2.9 percent by the end of next year. Data to be released on Thursday is expected to show some signs of progress in the Federal Reserve’s fight against inflation.

US prices rose 0.4 percent in September compared to August, with price increases for food, shelter and medical care weighing on consumers, according to data ...

Business News [Bureau of Labor Statistics](/topic/bureau-of-labor-statistics). [Federal Reserve](/topic/federal-reserve)interest rates hikes.

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.

(RTTNews) - Asian stock markets are trading mostly higher on Friday, following the broadly positive cues from global markets overnight, as a sharp increase ...

Among the other major gainers, Mitsubishi Motors is surging more than 5 percent, while NTT Data, TDK and Dentsu Group are gaining almost 5 percent each. Among automakers, Honda is adding almost 2 percent and Toyota is up more than 1 percent. Among tech stocks, Zip is gaining almost 1 percent, WiseTech Global is gaining more than 3 percent and Xero is adding more than 1 percent, while Afterpay owner Block is losing almost 1 percent. The Nasdaq also surged 232.05 points or 2.2 percent to 10,649.15, while the S&P 500 jumped 92.88 points or 2.6 percent to 3,669.91. Elsewhere in Asia, Hong Kong is soaring 3.1 percent, while South Korea and Taiwan are surging 2.5 and 2.8 percent, respectively. Among the big four banks, National Australia Bank and Westpac are gaining 1.5 percent each, while Commonwealth Bank and ANZ Banking are adding more than 1 percent each. dollar is trading in the lower 147 yen-range on Friday. Resolute Mining is gaining more than 2 percent. The Japanese stock market is sharply higher on Friday, snapping a four-session losing streak, with the benchmark Nikkei 225 surging 900 points to break above the 27,000 mark, following the broadly positive cues from global markets overnight, with sharp gains across most sectors, led by exporters and technology stocks, despite US inflation data coming in hotter than expected in September. Newcrest Mining is losing almost 1 percent and Gold Road Resources is declining more than 2 percent, while Evolution Mining and Northern Star Resources are edging down 0.5 percent each. The broader All Ordinaries Index is up 122.90 points or 1.80 percent to 6,957.40. The benchmark S&P/ASX 200 Index is gaining 125.80 points or 1.90 percent to 6,768.40, after touching a high of 6,771.80 earlier.

Hotter-then-expected inflation data fueled an early rout that reversed direction mid-morning. The last time the Dow industrials bounced back as much from an ...

The 10-year yield rose to 3.952%.\n\nThursday's moves left the S&P 500 and Dow on track for weekly gains, with the Nasdaq about flat.\n\nOther markets:\n\nIn oil markets, global benchmark Brent crude rose 2.3%, finishing the day at $94.57 a barrel. The two-year Treasury yield rose to to 4.449%, yet another new long-term high. counterpart, rose 2.1% to $89.11 a barrel.\nGold and silver slipped. The Nasdaq Composite rose 2.2%.\nAll 11 of the S&P 500's sectors rose. Stocks climbed Thursday, bouncing off session lows after investors decided to end a run of daily losses at six.\n\nThe rebound marked the latest installment in what has been a volatile year for stocks: The Dow industrials managed a new feat, for the first time finishing up at least 800 points after being down more than 500.\n\nThe S&P 500 finished up 2.6%. Financials lead the advancers, adding more than 4% ahead of the start of bank-earnings season.\nBond prices fell.

Gold prices fell on Friday, as a hotter-than-expected U.S. inflation reading cemented bets of another hefty Federal Reserve rate hike next month.

Fundamentals [Spot gold](http://data.cnbc.com/quotes/xau%3D) fell 0.3% to $1,660.10 per ounce, as of 0123 GMT. gold futures](/quotes/@GC.1/) dropped 0.6% to $1,666.80. 10-year Treasury yields](/quotes/US10Y/) were slightly off a 14-year peak touched on Thursday. Data released on Thursday showed U.S. [Spot silver](/quotes/XAG=/) dipped 0.3% to $18.81 per ounce, [platinum](/quotes/XPT=/) fell 0.5% to $891.67 and [palladium](/quotes/XPD=/) was 0.3% lower at $2,101.77. - Gold prices fell on Friday, adding to the weekly decline, as a hotter-than-expected U.S.