The Bureau of Labor Statistics reported that consumer prices rose less than expected for the second month. The Consumer Price Index (CPI) rose 0.1%, month-over-month, one-tenth of a percent below the consensus expectations and the August reading of 0.2%. Year-over-year, the CPI rose 2.3%, down from 2.7% reported in August. The Core CPI (which excludes volatile food & energy costs) rose 0.1% m/m and 2.2% y/y, unchanged from the prior month. The report pushed U.S. Treasury yields down and S&P futures turned positive on the day.
All expectations and data points are sourced from Bloomberg as of 10/11/18 unless noted otherwise. Past performance is not indicative of future results.
Sign up for more access!
Access additional content across the site when you sign up for an account.