TREE NEWS reports: US September CPI rose 0.6% month-on-month and 3.7% year-on-year, above the 3.6% consensus, while core CPI climbed 0.3% on the month and 2.6% annually. PPI followed a day later with a 1.3% monthly gain — the largest since March 2022 — and 6.3% year-on-year. As of October 15, rate futures put the odds of a 25bp October hike at about 27%, with at least one more hike by December seen at 70%-80%.
US CPI Rises 0.6% in September, PPI Jumps 1.3%, Lifting Odds of Another Fed Hike
AI take
The hotter-than-expected CPI and the largest PPI jump since March 2022 complicate the disinflation narrative that has underpinned risk appetite across crypto and tokenized real-world assets. With futures now assigning meaningful odds to another hike, the marginal cost of leverage rises and rate-sensitive corners of the market face a fresh test. The open question is whether this is a one-month distortion or the start of a firmer inflation trend; the next CPI and PPI prints, and how rate futures reprice around them, will matter more than any single headline.
Generated by AI for reference only.
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