Wednesday, October 14
·12:30 UTC
US September CPI
The headline is expected at 3.6–3.7%, up from 3.4%, mostly on gasoline. Core, around 0.2% m/m, is the line that matters.
$BTC
September CPI's headline is expected to jump: forecasts sit around 3.6 to 3.7 percent, up from 3.4, mostly on the back of gasoline.
Everyone knows that already. It is in the price. So the number that gets screenshotted at 8:30 is probably the least informative one in the report.
Core is the line that matters, and expectations cluster around 0.2% on the month.
- Core quiet: a hot headline is just an energy shock passing through. December stays the expected hike and October stays closed.
- Core hot: the market has to reopen a meeting it closed less than two weeks ago.