US September CPI +8.2% y/y vs +8.1% expected

• Prior was +8.5%
• +0.4% m/m vs +0.2% expected and 0.1% prior

Core CPI:

• +6.5% y/y vs 6.5% expected and 6.3% prior
• +0.6% m/m vs +0.5% expected and +0.6% prior

The Fed funds futures Futures Futures or a futures contract represents a legal agreement to buy or sell a security or asset at a predetermined price at a specified time in the future. Of note, the parties are not known to each other.These transactions usually involve commodities or other securities involving the buying and selling for a forward or predetermined price.Futures also adhere to a delivery date, which specifies the date of delivery and payment. Relative to other forms of investing futures are much more complex, as Futures or a futures contract represents a legal agreement to buy or sell a security or asset at a predetermined price at a specified time in the future. Of note, the parties are not known to each other.These transactions usually involve commodities or other securities involving the buying and selling for a forward or predetermined price.Futures also adhere to a delivery date, which specifies the date of delivery and payment. Relative to other forms of investing futures are much more complex, as Read this Term market was pricing in a terminal top at 4.65% in March just ahead of the data and that's up to 4.84%. The market is now pricing in an 13% chance of 100 bps on Nov 2. There have been some huge moves in markets on these numbers with the dollar soaring. S&P 500 futures went from +40 to -60.

• Real weekly earnings Earnings A company’s earnings represent its profits or net benefits as a result of its operation.Earnings are the net benefits of a corporation's operation. Earnings can be calculated as EBIT, i.e. earnings before interest and taxes, and EBITDA, i.e. earnings before interest, taxes, depreciation, and amortization.Earnings are valuable tools for investors of company shares as they can often highlight a company’s financial standing and performance. Better performances can result in strengthened share price A company’s earnings represent its profits or net benefits as a result of its operation.Earnings are the net benefits of a corporation's operation. Earnings can be calculated as EBIT, i.e. earnings before interest and taxes, and EBITDA, i.e. earnings before interest, taxes, depreciation, and amortization.Earnings are valuable tools for investors of company shares as they can often highlight a company’s financial standing and performance. Better performances can result in strengthened share price Read this Term -0.1% vs -0.1% m/m prior (revised to +0.2%)
• CPI energy -2.1% vs -5.0% prior
• Gasoline -4.9% m/m vs -10.6% prior
• New vehicles +0.7% vs +0.8% prior
• Used vehicles -1.1% vs -0.1% m/m prior
• Owners' equivalent rent +0.8% m/m vs +0.7% prior
• Food +0.8% vs +0.8% prior
• Full release (pdf)

USD/JPY is up to a fresh cycle high at 147.33 and that has all eyes on intervention. We're also seeing a new cycle low in AUD/USD, which is down 87 pips to 0.6188.