CPI

Economists surveyed by The Wall Street Journal expect the consumer-price index to rise 8.1% in September from a year earlier. That would mark a slowing from ...

Shelter costs were up by 6.2% over the prior 12 months. Through August, groceries have outpaced overall inflation over the past year, rising 13.5%—the fastest pace since March 1979.\n\nCereals and bakery products were up 16.4% over the past year, in part due to disruptions in grain markets caused by the war in Ukraine. Other major food-price increases include eggs—up nearly 40% over the year—hot dogs and coffee.

The Bureau of Labor Statistics released the September Consumer Price Index data last week. The year-over-year non-seasonally adjusted Headline CPI came in ...

by [View Full Calendar](/dshort/calendar) Eastern Time Zone [+ Add](https://calendar.google.com/calendar/b/1/r?cid=advisorperspectives.com_3ik7d827829748q47qnpi6iikk@group.calendar.google.com) the editorial calendar to your Google Calendar. They have since reverted to the two percent target in their various FOMC documents. The highlighted two percent level is the Federal Reserve's Core inflation target for the CPI's cousin index, the BEA's Personal Consumption Expenditures (PCE) price index. Year-over-year forecasts were 8.1% for Headline and 6.5% for Core. The energy index increased 19.8 percent for the 12 months ending September, a smaller increase than the 23.8-percent increase for the period ending August. The all items index increased 8.2 percent for the 12 months ending September, a slightly smaller figure than the 8.3-percent increase for the period ending August. The food index continued to rise, increasing 0.8 percent over the month as the food at home index rose 0.7 percent. Over the last 12 months, the all items index increased 8.2 percent before seasonal adjustment. The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in September on a seasonally adjusted basis after rising 0.1 percent in August, the U.S. Year-over-year Core CPI (ex Food and Energy) came in at 6.63%, up from 6.32% the previous month. The year-over-year non-seasonally adjusted Headline CPI came in at 8.20%, down from 8.26% the previous 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%.

Wall Street futures ticked higher on Thursday, with investors on edge ahead of a closely watched U.S. inflation report that could keep the Federal Reserve ...

[(NVDA.O)](https://www.reuters.com/companies/NVDA.O) and Tesla Inc [(TSLA.O)](https://www.reuters.com/companies/TSLA.O) slipped 0.5% each in early trading before the opening bell. Oct 13 (Reuters) - Wall Street futures ticked higher on Thursday, with investors on edge ahead of a closely watched U.S. Adding to the nerves, data on Wednesday showed U.S. [read more](/business/aerospace-defense/economic-worries-loom-over-us-airline-earnings-2022-10-12/) [read more](/markets/us/us-producer-prices-increase-more-than-expected-september-2022-10-12/) [read more](/markets/us/fed-officials-saw-cost-doing-too-little-fight-inflation-outweighed-doing-too-2022-10-12/) [The Thomson Reuters Trust Principles.](https://www.thomsonreuters.com/en/about-us/trust-principles.html) Investors also awaited quarterly earnings reports from BlackRock [(BLK.N)](https://www.reuters.com/companies/BLK.N), Domino's Pizza [(DPZ.N)](https://www.reuters.com/companies/DPZ.N), Walgreens Boots Alliance and Delta Air Lines [(DAL.N)](https://www.reuters.com/companies/DAL.N). [(.IXIC)](https://www.reuters.com/quote/.IXIC) and the S&P 500 [(.SPX)](https://www.reuters.com/quote/.SPX) have fallen for six straight sessions on growing fears that aggressive tightening by the Fed could tip the world's largest economy into a recession.

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.

New data to be released Thursday morning will underscore the Fed's message that it is far from seeing enough progress on inflation.

A shopper at a grocery store in San Francisco on May 2. (David Paul Morris/Bloomberg News)Listen8 minComment on this storyCommentGift ArticleShareInflation sped up in September compared to the month before, rising 0.4 percent, despite policymakers’ work to bring down higher prices that have weighed on American families and businesses.Financial markets appeared poised to tumble on the news, according to premarket trading, as investors worry the report will ensure tougher interest rates to come by Federal Reserve policymakers.

When consumer-price index data is released later this morning, it will likely show that annual inflation remained stuck at around 8% in September.

They’ll be focused instead on the month-over-month increase in so-called core prices, which exclude volatile food and energy categories.\n\nAccording to economists surveyed by The Wall Street Journal, core prices are expected to have climbed 0.4% in September. When consumer-price index data is released later this morning, it will likely show that annual inflation remained stuck at around 8% in September.\n\nInvestors, though, won’t care too much about that number. On the bright side, that would mark a deceleration from their 0.6% gain in August.

U.S consumer prices increased more than expected in September and underlying inflation pressures continued to build up, reinforcing expectations that the ...

Inflation is a clear worry, but now the next worry is what does the economy look like? This follows on the heels of the producer level inflation that we saw just yesterday, that came in hotter than expected, showing the overall inflation backdrop continues to disappoint to the upside.” "Data came in hotter than expected and that's a bit of a disappointment for the overall market. There are still two more CPI prints before the December meeting with the Fed, but for now, the pivot is on pause. “The hopes for a pivot are on pause. Because the November CPI and PPI, now that oil is up 22% this month, next month that is going to be reflected in that number so CPI, PPI is going to rear its ugly head even higher next month.” “This is a yet another disappointing sign that inflation continues to stay stubbornly high. We're on board with a larger flattening, and while there is sure to be chatter on the potential for a 100 bp hike, this print cements 75 bp in Nov with the more relevant question whether Dec and Feb's hikes will be upsized "Basically this quarter is the start of a recession even though it may not show up in numbers until the first quarter. “That inflation report certainly sucked the enthusiasm out of the room. “Monetary policy works with the lag and so they may be getting ahead of themselves. There's just nothing to dissuade the Fed from their path."

Stocks and bonds fell sharply as stubborn price pressures made it more likely that the Federal Reserve will continue raising interest rates aggressively.

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. “The longer they stay elevated, we are going to see some interesting things happen in the market.” “This is going to put pressure on the Fed to do more.” The two-year Treasury yield soared more than 0.2 percentage points to a new high of 4.5 percent, a big move for an asset that typically moves in hundredths of a percentage point. The new data will be crucial for informing policymakers, and therefore investors, on how much further interest rates will need to rise before inflation starts to consistently fall. The fall comes after another drop on Wednesday, the sixth daily decline in a row.

A closely watched measure of US consumer prices rose by more than forecast to a 40-year high in September, pressuring the Federal Reserve to raise interest ...

The U.S. cost of living rose 0.4% in September and pointed to high inflation persisting through the end of the year, reinforcing the view the Federal ...

Real wages have fallen 3% in the past year, as high inflation eats away at the purchasing power of U.S. Prices jumped 0.8% in September, pushing the increase over the past year up to 6%. The last time prices rose that fast was in 1979. cost of living rose 0.4% in September and pointed to high inflation persisting through the end of the year, reinforcing the view the Federal Reserve will keep raising interest rates aggressively to try to curb rampant price increases. The Fed may have to raise rates so high to beat back inflation, however, that it could tip the economy into recession. Inflation-adjusted wages fell 0.1% in September. Looking ahead: “U.S. Prices tend to fall when consumers spend less and demand for goods and services dry up. The annual rate of inflation is more than quadruple the pre-pandemic levels of less than 2%. Wall Street had forecast a 0.4% gain. Inflation rose an average of less than 2% a year in the decade preceding the pandemic. In a more worrisome sign, the so-called core rate of inflation that omits food and energy prices jumped a sharp 0.6%.

Consumer prices increased 8.2% year over year despite several interest rate hikes from the Federal Reserve. The ...

The International Monetary Fund predicts that the unemployment rate will jump to 5.5% by 2024, "On the one hand, inflation is high by historical standards and that’s having a negative impact on people's wallets," Batabyal told ABC News. [food](https://abcnews.go.com/alerts/food) and medical care last month, according to the Labor Department. The Fed has put forward a string of aggressive interest rate hikes in recent months as it tries to slash price increases by slowing the economy and choking off demand. But the approach risks tipping the U.S. Fighting the global inflation that is affecting countries around the world and working families here at home is my top priority." Fed watchers are expecting a fourth rate hike of 0.75% this year. The continued climb in prices may signal that the Fed's aggressive rate hikes have down little to stave off inflation pressures. "Inflation over the last three months has averaged 2%, at an annualized rate. Rate increases will cause the unemployment rate to rise nearly a percentage point by the end of next year, according to the Fed. [millions of employees out of work](https://abcnews.go.com/Business/fed-unemployment-rise-economists-lose-jobs/story?id=90375709). Federal Reserve Chair Jerome Powell last month reasserted the central bank's commitment to bring inflation down to a target rate of 2%, saying the Fed expects to put forward "ongoing increases" to its benchmark interest rate.

The Consumer Price Index report for September, released Thursday, showed that painfully rapid price increases continued to trouble Americans and bedevil the ...

This is bad news for Democrats ahead of the midterms. For the Fed, this probably locks in a big November rate increase. Central bankers have raised interest rates five times this year and are expected to make a fourth jumbo sized, three-quarter-point move at their meeting on November 2. Meanwhile, new car prices and car parts continue to increase sharply in price. A long-awaited slowdown in goods prices isn’t happening as quickly as hoped, and cars are a case in point. Used car prices dropped in September, but not nearly as much as economists expected. It offers a snapshot of the latest trends — and those month-to-month figures looked bad. That measure typically [climbs around 3 percent](https://fred.stlouisfed.org/graph/?g=UNkM)per year, and housing costs matter because they move slowly and make up a big chunk of overall inflation. That’s worrying, because it suggests that wage increases — a major cost for service providers — may be feeding into higher prices. The overall index climbed 8.2 percent in September versus the prior year, a slight moderation from 8.3 percent the previous month — but that was because gasoline prices had fallen, a trend that has since reversed. Here are the takeaways: Practically every other detail of the report was worrying.

Today's CPI inflation report saw 0.4% month-on-month inflation for September. That should be enough to confirm the Fed's plans to hike aggressively on ...

If that’s the case, we may see further rate hikes from the Fed in 2023. Similar to the [recent spike in wholesale prices for September](https://www.forbes.com/sites/simonmoore/2022/10/12/september-ppi-report-will-concern-the-fed/?sh=29440d304149), inflation is not falling as fast as the U.S. Shelter costs have a large weight in the inflation series, so falling house prices would likely go some way to tame inflation. One worry is that energy prices have moved up again in October, so far, after recent OPEC+ production cuts. Also if you look at the definition of inflation that strips out food and energy the year-on-year inflation exceeded the recent peak from March. Still, there were some early positives in the data.

Ian Shepherdson,_ Pantheon Macroeconomics:_ “The chance of a repeat today of the August CPI horrorshow is quite low, though we have learned over the past ...

The latter was particularly surprising in light of the strength of the dollar, given the high share of imports in furniture sales. Looking ahead, the trend will fall.”\n\nStephen Stanley,_ Amherst Pierpont Securities:_\n\n“Turning to the core, there are pockets of softening inflation. Ian Shepherdson,_ Pantheon Macroeconomics:_\n\n“The chance of a repeat today of the August CPI horrorshow is quite low, though we have learned over the past couple years that the margin of error in CPI forecasts is much bigger than in the past.

Inflation is the focus for Wall Street and the global markets, with only an extremely tame rise in consumer prices likely to give Fed members cause to rethink ...

[YALL](https://seekingalpha.com/symbol/YALL)). [wrote Wednesday](https://seekingalpha.com/article/4546099-september-cpi-it-is-sink-or-swim-for-stocks). [USDOLLAR](https://seekingalpha.com/symbol/USDOLLAR)) ( [UUP](https://seekingalpha.com/symbol/UUP)) will continue to see strength through at least the medium term, according to Citi. [Engaging the core](https://seekingalpha.com/news/3890810-september-cpi-preview) (CPI) Reflecting the central bank's decisively hawkish tone, the word "restrictive" appeared 13 times in the September minutes, as opposed to 0 times in the July meeting's minutes. economy would grow at a below-trend pace in this and the coming few years, with the labor market becoming less tight," according to the Federal Open Market Committee's minutes for its Sept. Meanwhile, SA contributor Logan Kane looks to a Cleveland Fed econometric model, which expects core CPI to rise 0.51% M/M in September and 0.53% in October. The consensus for core CPI is 0.4% M/M, down from 0.6% in the previous month. "The market is oversold and the burden of proof has shifted to the bears," he said. "There has been relief from high gasoline prices which tend to aggravate consumers the most, but elevated food and shelter prices appear to be sticking around for a while as unwanted visitors," he said. Meanwhile, core CPI, which strips out volatile food and energy prices, is expected to climb 6.5% Y/Y, faster than the 6.3% increase in the prior month. Listen on the go!

The Bureau of Labor Statistics released the September Consumer Price Index data last week. The year-over-year non-seasonally adjusted Headline CPI came in ...

The energy index increased 19.8 percent for the 12 months ending September, a smaller increase than the 23.8-percent increase for the period ending August. The all items index increased 8.2 percent for the 12 months ending September, a slightly smaller figure than the 8.3-percent increase for the period ending August. The highlighted two percent level is the Federal Reserve's Core inflation target for the CPI's cousin index, the BEA's Personal Consumption Expenditures (PCE) price index. They have since reverted to the two percent target in their various FOMC documents. The food index continued to rise, increasing 0.8 percent over the month as the food at home index rose 0.7 percent. Over the last 12 months, the all items index increased 8.2 percent before seasonal adjustment. The Consumer Price Index for All Urban Consumers (CPI-U) rose 0.4 percent in September on a seasonally adjusted basis after rising 0.1 percent in August, the U.S. The indexes for shelter, medical care, motor vehicle insurance, new vehicles, household furnishings and operations, and education were among those that increased over the month. The energy index fell 2.1 percent over the month as the gasoline index declined, but the natural gas and electricity indexes increased. Year-over-year Core CPI (ex Food and Energy) came in at 6.63%, up from 6.32% the previous month. The index for all items less food and energy rose 0.6 percent in September, as it did in August. The year-over-year non-seasonally adjusted Headline CPI came in at 8.20%, down from 8.26% the previous month.

Dow industrials erase a nearly 550 point tumble, after slumping in the wake of a hot consumer-price index reading.

Kroger [KR,](/investing/stock/KR?mod=MW_story_quote)shares rose 1.2%. +11.53% [KR,](/investing/stock/KR?mod=MW_story_quote) +1.15% [was in merger talks](https://www.bloomberg.com/news/articles/2022-10-13/kroger-kr-in-talks-to-combine-with-rival-albertsons-aci?sref=Oeyjq8by)with the smaller grocer. [ACI,](/investing/stock/ACI?mod=MW_story_quote)rose more than 11.5% after Bloomberg News reported that Kroger Co. Assuming the Fed follows through with both, they would be the fourth and fifth 75 basis-point rate hikes of the year, respectively. It was also the first time on record that the Dow has risen at least 800 points in the same trading day that it was down at least 500 points at its low, according to Dow Jones Market Data. [NFLX,](/investing/stock/NFLX?mod=MW_story_quote)shares finished 5.3% higher after the company said +5.27% [it will charge $6.99 for its its ad-supported subscriptions.](https://www.marketwatch.com/story/netflix-up-2-8-ad-supported-tier-to-begin-in-november-271665681311?mod=markets&mod=article_inline) Hogan, however, argued that with the much anticipated CPI reading in the rearview mirror, investors were likely to focus on corporate results as third quarter earnings reporting season gets under way next week. Hot CPI readings have been responsible for some of the biggest down days for the S&P 500 so far in 2022. “Indeed, following the stronger CPI report, the case has been sealed for a fourth 75-basis point hike in September, although there are now talks that the Fed could even hike by 100 bps. This should keep the US dollar supported on the dips against currencies where the central bank is either hiking less aggressively or is not. [DJIA,](/investing/index/DJIA?mod=MW_story_quote)rose 827.87 points, or 2.8%, to finish at 30,038.72, posting the largest one day percentage gain since Monday, November 9, 2020, after dropping nearly 550 points at its session low. Healthcare business.

A key inflation report showed consumer prices came in hotter than expected in September, punishing Americans and giving license to the Federal Reserve to ...

“Our position is the Fed should stop there and smell the coffee.” … and it’s spreading to services, where it’s going to be much more persistent, much more stubborn, much more difficult to bring those prices back down,” he said, citing the cost of a haircut, which is unlikely to fall in the same way as goods prices do. On an annual basis, food prices are up 11.2% from last September, just shy of the 43-year high of 11.4% hit in August, CPI data shows. “However, the renewed acceleration in some categories, particularly core inflation, suggests that price pressures are still firm and widespread. This is a cause for concern.” “So it’s not like gas is totally off the table.” Shelter prices were up 0.7% in September and 6.6% annually. Economists had projected the pace of price increases would slow to 8.1% last month. Economists had projected that the monthly figure would rise by 0.2%. “I think the Fed is going to go for it with a 75 basis points [hike] in November and 50 to 75 [basis points hike] in December,” Alemán said. “It started in one area of the economy, and now it’s spread rapidly, infecting other areas of the economy. [the 8.3% rise seen in August](https://www.cnn.com/2022/09/13/economy/august-cpi-inflation), according to the Consumer Price Index, which measures the changes in prices for a basket of consumer goods and services.

The major U.S. stock indexes dropped to start Thursday trading as investors took in the September CPI report [showing hot ...

The 2-year yield shot up to 4.520% from 4.287%. Treasury yield climbed to 4.055% from 3.901% on Wednesday. The major U.S.

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

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As investors prepare for the latest Consumer Price Index (CPI) report, a barometer for measuring inflation, before the Federal Reserve's November decision ...

[Ethereum](/resources/what-is-ethereum-quickly-explained-four-minute-guide), the second-largest cryptocurrency by market capitalization, has posted losses of 4.6% over the past 24 hours, trading at $1,240. consumer price index will be released Thursday at 8:30 a.m. The U.S.

BTC nose-dived to its lowest level since Sept. 21, and data shows pro traders continue to avoid leverage longs.

On the other hand, bullish markets tend to drive the skew indicator below negative 12%, meaning the bearish put options are discounted. More importantly, the prevailing bearish sentiment remained after the CPI inflation was announced. The indicator should trade at a 4% to 8% annualized premium in healthy markets to cover costs and associated risks. The White House wanted to delay the decision until after the midterms. The 30-day delta skew had been above the 12% threshold since Oct. The slightly higher-than-expected number caused Bitcoin ( [BTC](https://cointelegraph.com/bitcoin-price)) to face a 4.4% price correction from $19,000 to $18,175 in less than three hours. Meanwhile, financial heavyweights JPMorgan Chase (JPM) and Morgan Stanley (MS) are set to report on Oct. After the initial panic selling, Nasdaq adjusted to a 2% daily loss as analysts reaffirmed their expectations toward a 0.75% interest rate increase by the U.S. Investors became even more bearish after BlackRock Inc (BLK) reported a 16% drop in profit versus the previous year. The $18,200 level was the lowest since Sept. The abrupt movement caused $55 million in Bitcoin futures liquidations at derivatives exchanges, the largest amount in three weeks. It is worth highlighting that the dip under $18,600 on Sept.

Treasury yields rose on Thursday as markets braced themselves for the release of September's consumer price index data, while digesting PPI figures.

The consumer prices report follows Wednesday's stronger-than-expected producer price index inflation reading. The yields were off the highs of the session in midday trading. Analysts are therefore broadly expecting another 75 basis point hike to be implemented next month, a view likely reinforced by the CPI report. The 10-year Treasury yield rose roughly six basis points to 3.958%. Rising prices, combined with last month's stronger than expected jobs report, all but guarantee the Fed will enact its fourth 0.75% rate hike when officials next meet in November," said Richard Flynn, managing director of Charles Schwab UK. The yield on the 2-year Treasury note jumped 19 basis points to 4.476% at 4:00 p.m ET Thursday .

The "core" Consumer Price Index, seen as a more steady indicator of inflation, rose 6.6% from a year prior – a four-decade high.

CoinDesk is an independent operating subsidiary of [Digital Currency Group](https://dcg.co/), which invests in [cryptocurrencies](https://dcg.co/#digital-assets-portfolio) and blockchain [startups](https://dcg.co/portfolio/). [strict set of editorial policies](/ethics/). [BTC](https://www.coindesk.com/price/bitcoin/)) tumbled nearly 3% in the minutes after the report to its lowest level since Sept. “Core categories, such as housing costs, tend to be ‘stickier’ in terms of price movements, and can give insight into future inflation expectations.” Crypto traders track monthly inflation figures closely, because the Federal Reserve’s efforts to temper soaring inflation have [pushed down prices](https://www.coindesk.com/markets/2022/09/06/the-fed-wants-you-to-lose-money-in-stocks-and-probably-crypto-too/) for financial assets seen as risky, from stocks to bitcoin. The core CPI rose 6.6% from a year ago to its In a As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of [stock appreciation rights](https://www.investopedia.com/terms/s/sar.asp), which vest over a multi-year period. – rose 8.2% in September from the same month a year ago, slightly higher than the 8.1% forecasted by economists. 1-2, when the FOMC meets next. When some prices fall, others rise. The index rose 0.4% from August.

With no relief for rising inflation in sight and mounting global concerns putting pressure on financial markets worldwide, investors have few options available ...

JPMorgan's Marko Kolanovic expects a 75 basis point hike each from the Fed, ECB, and Bank of England going forward. Taking a glass-half-full approach, today’s print is the third consecutive monthly decline in U.S. inflation following a 40-year record high reading of 9.1% in June 2022. This includes a 5% fall last month, and up to 7% like in Apr this year.” “Bulls are disappointed that Bitcoin has not been more attractive as a safe-haven asset the past several weeks,” Wyckoff said. was up 0.4% month over month, meaning both the yearly and monthly increase came in above expectations, all but assuring that the Federal Reserve will need to continue its aggressive rate hike agenda, markets be damned.

Markets await the highly anticipated September consumer price index data release. A higher CPI could easily take yields higher and risk assets lower.

A large CPI surprise could send the market on a trajectory to test a lot of liquidity and stop losses just below $18,000. If we’re to see a move to the upside, our framework is still that the move will be a temporary rally to blow out leveraged shorts, take liquidity and likely reverse back to the downside. A key metric to watch for what the market is thinking is the U.S. That’s the surprise CPI bear case. As of today, the latest upward momentum is stalling and is on pause, which can signal that the market is not quite ready to buy the latest Fed comments on rate hikes to 4.5% until they see the CPI print. Despite oil’s rise over the past two weeks, energy may be less of a short-term factor in the September data as commodities continue to turn over. The CPI print could easily be that catalyst. The below is an excerpt from a recent edition of Bitcoin Magazine Pro, Bitcoin Magazine's premium markets newsletter. As it lags heavily, rent inflation is a major component that will likely further increase before turning over. Recently this tool has been closer than most consensus forecasts but consistently underestimates the actual CPI data. That said, 17 of the last 19 nowcasting forecast reports were actually under the CPI reading. In short, it’s not a good sign for those expecting a below-consensus CPI beat.

US stocks noted strong gains on Thursday, October 13, as the investors seem to have taken advantage of the beaten-down prices of the stocks after CPI data ...

(AVGO) and Oracle Corporation (ORCL) were up 1.77 per cent and 2.39 per cent, respectively. ConocoPhillips (COP) and TotalEnergies SE (TTE) ticked up 5.70 per cent and 4.45 per cent, respectively. (AAPL) jumped 3.54 per cent, Microsoft Corporation (MSFT) climbed 3.90 per cent, and NVIDIA Corporation (NVDA) rose 4.10 per cent. Bank of America Corporation (BAC) and Mastercard Incorporated (MA) advanced 5.94 per cent and 3.83 per cent, respectively. Gold futures were down 0.28 per cent to US$1,672.80 per ounce. (V) gained 3.73 per cent, and JPMorgan Chase & Co. Meanwhile, the legacy carrier said that it expects a jump of as much as nine per cent in its Q4 revenue compared to the same period of 2019, citing strong demands for domestic and international travel. (JPM) surged 5.52 per cent. The 6.6 per cent jump in the core CPI marked its highest level since August 1982. The Dow Jones was up 2.83 per cent to 30,038.72. [S&P 500 index](https://kalkinemedia.com/definition/s/S&P-500-index) on Thursday, while the information technology sector provided the highest boost. (BRK-B) rose 4.65 per cent, Visa Inc.

Gasoline prices pulled back last month, but food and housing costs ticked higher; retail sales were flat.

“So, that last 150 basis points—1.5 percentage points—that’s going to take a while because that goes to the inflation for services, which goes back to wages and the labor market. “Inflation has built up a lot of momentum over the last year,” Bill Adams, chief economist at Comerica Bank, told the Journal. Housing costs rose the most since the early 1980s. [reported](https://www.census.gov/retail/index.html) that retail sales were flat last month compared with a 0.4% August increase over July. The Federal Reserve will likely raise interest rates another 0.75 percentage points at its meeting next month due to the high inflation number. That has to cool off, and that’s going to take some time.” Retail trade sales were down 0.1% (±0.4%) from August but up 7.8% (±0.7%) compared with last year. From August to September, core CPI rose 0.6%, the same as in August, and was up from 0.3% in July. [four-decade high last month](https://www.wsj.com/articles/us-inflation-september-2022-consumer-price-index-11665628037), showing that strong and broad price pressures are still happening, reports the Wall Street Journal. Retail sales at gas stations fell 1.4% last month but were 20.6% (±1.6%) higher compared with September 2021. retail and foodservices sales for September were $684 billion, essentially unchanged (+/-0.5%) from the prior month. Prices were up in the categories of housing, medical care, airline fares and other services.