Wall Street Sees Inflation Easing Even With Oil Above $90
Economists say energy costs are pushing inflation higher, with Brent crude up more than 14% in September and 42% in the third quarter.
- On Wednesday, the U.S. Consumer Price Index report is expected to show a 3.6% rise in September, marking an uptick in year-over-year inflation driven by elevated energy costs.
- Energy costs have surged since the U.S. war with Iran began earlier this year, making them the primary driver of inflation; Brent crude prices traded around $105 per barrel on Tuesday.
- The Federal Reserve signaled potential rate hikes last month, yet market probability for an October increase has plunged to around 19%, down from over 70% in late September.
- President Donald Trump announced loosened diesel restrictions on Russia last week to curb fuel prices, but analysts argue the initial deliveries are insufficient to meet daily U.S. demand.
- Bipartisan opposition in Congress challenges the agreement, citing violations of a 2022 law banning Russian energy imports; this CPI report is the final reading before November's midterm elections.
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9 Articles
The US Consumer Price Index (CPI) data for September will be released today at 3:30 PM. According to a Wall Street Journal survey of 14 investment banks, annual inflation is expected to rise from 3.4% to 3.6%, while core CPI is expected to slow. So, what will the upcoming data show for the markets?
Wall Street Sees Inflation Easing Even With Oil Above $90
The U.S. Consumer Price Index (CPI) report is due to be released on Wednesday, with economists predicting that key inflation metrics continued to moderate in September despite elevated oil prices, giving the Fed room to slow down on interest rate hikes. For September, economists expect headline inflation growth to clock in at 0.5% month-over-month and 3.6%- 3.7% year-over-year, up from 0.4% m-o-m and 3.4% Y/Y in August. Meanwhile, core CPI, whi…
The IPC of September comes out on Wednesday, October 14, and inflation is expected to be 3.7%, the highest in four months. What to expect from gasoline, wages and the Fed.
The US consumer price index for September is expected to rise by 0.6%, bringing annual inflation to 3.7%. Rising energy prices are expected to lead the increase, but the core index is actually moderating. Against the backdrop of a jump in bond yields to a 24-year high, the data to be published may affect interest rate expectations and the markets.
Today, the new data on inflation is coming in the US – and Wall Street is not positioned for stagflation with permanently high energy prices! Let's experience a similar stagflation as in the 1970s – even then, as we know, this happened after a war in the Middle East! The oil market is now going from permanently higher prices [...] The post Inflation: Wall Street is wrongly positioned for stagflation – what to do! Video view appeared first on fin…
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