Good Morning, Traders!
It is Wednesday the 13th of September. Here are some things to look out for.
Sentiment
The dollar fluctuated between gains and losses this morning, outperforming most of the group of ten currencies, while Treasuries fell.
The market is focused on the release of August inflation data in the United States, with consensus expectations pointing to a 0.6% month-on-month increase, up from 0.2% previously.
According to median analyst expectations, US consumer prices due will show a third month of subdued core inflation, strengthening the case against further Federal Reserve interest-rate increases.
The average rate on a five-year adjustable mortgage jumped to the highest level in at least 12 years last week, and fixed-rate mortgages also rose, indicating that housing affordability remains a challenge.
To see a designated prep article on the US CPI numbers, CLICK HERE
Docket
08:30 AM ET
US CPI for August
YoY - Median Forecast: 3.6% | Prior: 3.2% | Range: 3.9% / 3.4%
MoM - Median Forecast: 0.6% | Prior: 0.2% | Range: 0.7% / 0.4%
Core YoY - Median Forecast: 4.3% | Prior: 4.7% | Range: 4.5% / 4.2%
Core MoM - Median Forecast: 0.2% | Prior: 0.2% | Range: 0.4% / 0.1%
10:30 AM ET
Weekly EIA Inventories
Crude - Median Forecast: -2.481M | Prior: -6.307M | Range: 2M / -4.4M
13:00 PM ET
US Sells $20 Bln in 30-Year Notes at Auction
Good luck!
