TREE NEWS reports: US September CPI rose 3.7% year on year and core CPI 2.6%, both beating market expectations for the fastest gain in five months, traders raised the odds of an October rate hike to 50% from 22%. The Fed’s Beige Book showed half of the 12 districts reporting strong or intensifying price pressures, with all districts citing oil price shocks. Fed Governor Bowman said she does not see an urgent need to hike and can watch how the economy develops.
US September CPI rises 3.7% y/y, core 2.6%, both above expectations
AI take
The significance lies less in the headline print than in the internal split: a Beige Book showing broad, oil-driven price pressure against a governor explicitly ruling out urgency. That gap between data and Fed commentary is what traders are repricing, and it is why the October odds moved so sharply. Whether Bowman's patient stance survives the next round of district evidence is the open question, and it matters most for rate-sensitive corners of crypto and tokenized real-world assets, where the cost of carry sets the tone.
Generated by AI for reference only.
Share on WeChat
Open WeChat → Scan → then tap "…" to send to a chat or Moments.
Tap "…" in the top-right corner to send to a chat or share to Moments.
Related News
37m ago
South Korea’s KOSPI Falls 6% as Japan’s Topix Slips 2%
39m ago
Korea Exchange Triggers Sidecar, Halts KOSDAQ Program Selling
40m ago
US Weighs Easing Sanctions on Shadow Fleet Vessels
40m ago
Nikkei 225 Falls Over 3%, Kioxia Down More Than 8%
48m ago
MSCI Asia-Pacific Index Falls 1% to 266.28
49m ago
US Treasuries Rise Across the Curve; 10-Year Yield Falls 3bp to 5.15%