Markets Puke As CPI Sends Rate-Hike Odds Soaring | ZeroHedge

https://www.rt.com/business/564629-us-issues-bleak-economic-data/

https://www.zerohedge.com/markets/markets-puke-cpi-sends-rate-hike-odds-soaring

The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a market basket of consumer goods and services. Indexes are available for the U.S. and various geographic areas.

The core US consumer price index (CPI), which excludes food and energy, rose 6.6% in the year through September, marking its highest level since 1982, the Bureau of Labor Statistics reports.

Data released on Thursday shows that the overall CPI rose 0.4% in September compared to August, twice the 0.2% projected by analysts even as the annual rate slowed slightly to 8.2% from 8.3%.

The core index is viewed as a better tracker of underlying inflation pressures, since food and energy costs can whipsaw from month to month.

The report indicated that gas and food inflation has generally eased up from levels seen earlier this year. Meanwhile shelter costs led the way, with the related index climbing 0.7% through the month.


The hotter than expected CPI print – following a hotter than expected PPI print – has sparked chaos in markets this morning…

Most importantly, rate-hike expectations have soared with the terminal rate now over 4.85%…

Critically, the market is now pricing in 18% odds of a 100bps hike in November…

30Y Yields are nearing 4.00% for the first time since August 2011…

10Y yields spiked back above 4.00%…

And 2Y Yields are testing 4.50%…

The dollar surged higher…

Gold slammed lower…

Bitcoin plunged back below $19,000…

And futures are plunging

This is the 8th market crash response of the last 10 CPI days.


The Tribulation is commencing…

Please repent, carry your cross daily and accept the free gift of Jesus Christ’s Death on the Cross for payment for your sins.

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