USA - inflation report for August:
- CPI headline annual: Actual: 3.7% y/y. Expected 3.6% y/y; previously 3.2% y/y
- CPI headline monthly: Actual: 0.6% y/y. Expected 0.6% m/m; previously 0.2% m/m
- Core CPI annual: Actual: 4.3% y/y. Expected 4.3% y/y; previously 4.7% y/y
- Core CPI monthly: Actual: 0.3% y/y. Expected 0.2% m/m; previously 0.2% m/m
Shelter +0.3% versus +0.4% last month. Year on year 7.3% versus 7.7% last month
Services less rent and shelter +0.5% m/m vs +0.2% prior
Gasoline contributed to more than 50% gain in the US CPI in August
Source: Bloomberg Finance L.P.
In general, initial moves in the dollar, stocks and yields have erased. That confirms the view that most participants had been positioned for a hot reading. The implied rate for November shows exactly the same number as before the latest CPI numbers hit (implying a roughly ~38% chance of a 25 bps hike).
ii
EURUSD erases early downward reaction to data. Source: xStation 5
BREAKING: NY Empire Index much lower than expected! 📉
BREAKING: Mixed Inflation in Canada↔️USDCAD muted
Economic calendar: Industrial production in the EU, inflation in Canada (15.12.2025)
BREAKING: Swiss PPI deflation eases on yearly basis🇨🇭 CHF stable
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
