đš US Short-Term Interest Rate Futures Surge on Hot Inflation Data!
The latest U.S. inflation and jobless claims reports are signaling mounting pressure on the Fed to remain hawkish. Both Core CPI and jobless claims have come in higher than expected, stirring concerns about inflation persistence and labor market tightness.
đ Key Highlights:
U.S. CPI (MOM) (SEP): 0.2% (Matches previous) vs 0.1% expected.
U.S. CPI (YOY) (SEP): 2.4%, slightly lower than previous but still above estimates.
Core CPI (MOM) (SEP): 0.3% (Matches previous), exceeding the 0.2% forecast.
Core CPI (YOY) (SEP): 3.3%, above both forecast and previous reading of 3.2%.
Initial Jobless Claims: 258K, well above the 230K estimate, signaling potential labor market softening.
Continuing Jobless Claims: 1.861M, higher than expected.
đĄ Impact:
Higher-than-expected inflation signals a possible rate hike extension or a delayed pivot from the Fed.
Jobless claims above expectations suggest labor market cooling, but the tight inflation data keeps rate pressure high.
â ïž Conclusion: Expect market volatility as traders adjust bets on the Fed's next move.
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