- Traders continue to bet on 1st Fed rate cut in September, 2nd Fed cut in October.
- Traders keep wagers on two Fed rate cuts by the end-2025.
01:30 PM BST, United States - Inflation Data for April:
- CPI: actual 0.2% MoM; forecast 0.3% MoM; previous -0.1% MoM;
- CPI: actual 2.3% YoY; forecast 2.4% YoY; previous 2.4% YoY;
- Core CPI: actual 0.2% MoM; forecast 0.3% MoM; previous 0.1% MoM;
- Core CPI: actual 2.8% YoY; forecast 2.8% YoY; previous 2.8% YoY;
Although the initial reaction after the release was erased on EURUSD, the pair is bouncing again. Lower-than-expected data—and more importantly, no increase in annual inflation dynamics compared to the previous month—give hope for less tariff-induced price pressure than initially feared. For the Fed, this is positive data, but a one-off report certainly doesn’t determine anything in the opinion of FOMC members.
Morning wrap ๐ฝ Wall Street looks to rebound ahead of US CPI as ASML results weigh on sentiment (14.10.2026)
Daily Summary: Earnings Season Kicks Off on Wall Street Amid Mixed Sentiment
Market Wrap: European Stocks Rise as Banks Beat Earnings Expectations
๐ฉ US100 loses 0.7%