Today\u2019s US CPI could deliver exactly the kind of signal markets hate: \ud835\uddf4\ud835\uddfc\ud835\uddfc\ud835\uddf1 \ud835\uddfb\ud835\uddf2\ud835\ude04\ud835\ude00 \ud835\uddee\ud835\uddfb\ud835\uddf1 \ud835\uddef\ud835\uddee\ud835\uddf1 \ud835\uddfb\ud835\uddf2\ud835\ude04\ud835\ude00 \ud835\uddee\ud835\ude01 \ud835\ude01\ud835\uddf5\ud835\uddf2 \ud835\ude00\ud835\uddee\ud835\uddfa\ud835\uddf2 \ud835\ude01\ud835\uddf6\ud835\uddfa\ud835\uddf2.<\/p>\n
\ud83d\udcca Economists expect August headline CPI to rise \ud835\udfec.\ud835\udff0% \ud835\uddfa\/\ud835\uddfa \ud835\uddee\ud835\uddfb\ud835\uddf1 \ud835\udfef.\ud835\udff0%\u00a0\ud835\ude06\/\ud835\ude06.<\/p>\n
Core CPI, however, is forecast at only \ud835\udfec.\ud835\udfee% \ud835\uddfa\/\ud835\uddfa \ud835\uddee\ud835\uddfb\ud835\uddf1 \ud835\udfee.\ud835\udff0% \ud835\ude06\/\ud835\ude06, down from 2.5% in\u00a0July.<\/p>\n
At first glance, that sounds\u00a0dovish.<\/p>\n
But there is a\u00a0problem.<\/p>\n
\ud83d\udee2\ufe0f \ud835\udde2\ud835\uddf6\ud835\uddf9 \ud835\uddf5\ud835\uddee\ud835\ude00 \ud835\uddf0\ud835\uddf5\ud835\uddee\ud835\uddfb\ud835\uddf4\ud835\uddf2\ud835\uddf1 \ud835\ude01\ud835\uddf5\ud835\uddf2 \ud835\uddf6\ud835\uddfb\ud835\uddf3\ud835\uddf9\ud835\uddee\ud835\ude01\ud835\uddf6\ud835\uddfc\ud835\uddfb \ud835\ude00\ud835\ude01\ud835\uddfc\ud835\uddff\ud835\ude06.<\/p>\n
Brent has surged back above $108\/bbl, while yesterday\u2019s US PPI showed producer prices rising \ud835\udfec.\ud835\udff0% in August, with energy costs jumping\u00a0\ud835\udff0.\ud835\udfee%.<\/p>\n
At the same time, the US 10-year Treasury yield has climbed to around \ud835\udff0.\ud835\udff5\ud835\udff3%, putting the psychologically important \ud835\udff1% level within\u00a0reach.<\/p>\n
So today\u2019s real question is not simply whether CPI beats or misses expectations.<\/p>\n
\u2753 \ud835\uddea\ud835\uddf6\ud835\uddf9\ud835\uddf9 \ud835\ude01\ud835\uddf5\ud835\uddf2 \ud835\uddd9\ud835\uddf2\ud835\uddf1 \ud835\uddf3\ud835\uddfc\ud835\uddf0\ud835\ude02\ud835\ude00 \ud835\uddfc\ud835\uddfb \ud835\uddf6\ud835\uddfb\ud835\uddf3\ud835\uddf9\ud835\uddee\ud835\ude01\ud835\uddf6\ud835\uddfc\ud835\uddfb \ud835\ude01\ud835\uddf5\ud835\uddee\ud835\ude01 \ud835\uddf0\ud835\uddfc\ud835\uddfc\ud835\uddf9\ud835\uddf2\ud835\uddf1 \ud835\uddf6\ud835\uddfb \ud835\uddd4\ud835\ude02\ud835\uddf4\ud835\ude02\ud835\ude00\ud835\ude01, \ud835\uddfc\ud835\uddff \ud835\uddf6\ud835\uddfb\ud835\uddf3\ud835\uddf9\ud835\uddee\ud835\ude01\ud835\uddf6\ud835\uddfc\ud835\uddfb \ud835\ude01\ud835\uddf5\ud835\uddee\ud835\ude01 $\ud835\udfed\ud835\udfec\ud835\udfec+ \ud835\uddfc\ud835\uddf6\ud835\uddf9 \ud835\uddfa\ud835\uddee\ud835\ude06 \ud835\uddf0\ud835\uddff\ud835\uddf2\ud835\uddee\ud835\ude01\ud835\uddf2 \ud835\uddfb\ud835\uddf2\ud835\ude05\ud835\ude01?<\/p>\n
\ud83c\udfe6 The Federal Reserve meets on \ud835\udfed\ud835\udff1-\ud835\udfed\ud835\udff2 \ud835\udde6\ud835\uddf2\ud835\uddfd\ud835\ude01\ud835\uddf2\ud835\uddfa\ud835\uddef\ud835\uddf2\ud835\uddff, and markets currently price roughly a \ud835\udff3\ud835\udfec% chance of a 25 bp rate\u00a0hike.<\/p>\n
Three scenarios stand\u00a0out:<\/p>\n
\ud83d\udfe2 \ud835\uddd6\ud835\uddfc\ud835\uddff\ud835\uddf2 \ud835\uddd6\ud835\udde3\ud835\udddc \ud835\uddee\ud835\uddff\ud835\uddfc\ud835\ude02\ud835\uddfb\ud835\uddf1 \ud835\udfec.\ud835\udfee% \ud835\uddfc\ud835\uddff \ud835\uddf9\ud835\uddfc\ud835\ude04\ud835\uddf2\ud835\uddff
A softer reading could reduce expectations of an immediate hike. Treasury yields and the dollar could retreat, while gold and equities may get some\u00a0relief.<\/p>\n
\ud83d\udfe1 \ud835\uddd6\ud835\uddfc\ud835\uddff\ud835\uddf2 \ud835\uddd6\ud835\udde3\ud835\udddc \ud835\uddfb\ud835\uddf2\ud835\uddee\ud835\uddff \ud835\udfec.\ud835\udfee%, \ud835\uddef\ud835\ude02\ud835\ude01 \ud835\uddf5\ud835\uddf2\ud835\uddee\ud835\uddf1\ud835\uddf9\ud835\uddf6\ud835\uddfb\ud835\uddf2 \ud835\uddf6\ud835\uddfb\ud835\uddf3\ud835\uddf9\ud835\uddee\ud835\ude01\ud835\uddf6\ud835\uddfc\ud835\uddfb \ud835\uddff\ud835\uddf2\ud835\uddfa\ud835\uddee\ud835\uddf6\ud835\uddfb\ud835\ude00 \ud835\ude00\ud835\ude01\ud835\uddff\ud835\uddfc\ud835\uddfb\ud835\uddf4
The market may quickly look past today\u2019s number and focus instead on oil, energy inflation and what comes\u00a0next.<\/p>\n
\ud83d\udd34 \ud835\uddd6\ud835\uddfc\ud835\uddff\ud835\uddf2 \ud835\uddd6\ud835\udde3\ud835\udddc \ud835\uddee\ud835\uddff\ud835\uddfc\ud835\ude02\ud835\uddfb\ud835\uddf1 \ud835\udfec.\ud835\udff0% \ud835\uddfc\ud835\uddff \ud835\uddf5\ud835\uddf6\ud835\uddf4\ud835\uddf5\ud835\uddf2\ud835\uddff
That would be much harder for the Fed to dismiss. Rate-hike expectations could rise further, the 10-year yield could test 5%, and pressure on gold and risk assets could intensify.<\/p>\n
\ud83c\udfaf \ud835\udde7\ud835\uddf5\ud835\uddf2 \ud835\uddfd\ud835\uddee\ud835\uddff\ud835\uddee\ud835\uddf1\ud835\uddfc\ud835\ude05 \ud835\uddf6\ud835\ude00 \ud835\ude00\ud835\uddf6\ud835\uddfa\ud835\uddfd\ud835\uddf9\ud835\uddf2: \ud835\uddd6\ud835\udde3\ud835\udddc \ud835\ude01\ud835\uddf2\ud835\uddf9\ud835\uddf9\ud835\ude00 \ud835\ude02\ud835\ude00 \ud835\ude04\ud835\uddf5\ud835\uddf2\ud835\uddff\ud835\uddf2 \ud835\uddf6\ud835\uddfb\ud835\uddf3\ud835\uddf9\ud835\uddee\ud835\ude01\ud835\uddf6\ud835\uddfc\ud835\uddfb \ud835\ude04\ud835\uddee\ud835\ude00. \ud835\udde2\ud835\uddf6\ud835\uddf9 \ud835\uddfa\ud835\uddee\ud835\ude06 \ud835\uddef\ud835\uddf2 \ud835\ude01\ud835\uddf2\ud835\uddf9\ud835\uddf9\ud835\uddf6\ud835\uddfb\ud835\uddf4 \ud835\ude02\ud835\ude00 \ud835\ude04\ud835\uddf5\ud835\uddf2\ud835\uddff\ud835\uddf2 \ud835\uddf6\ud835\uddfb\ud835\uddf3\ud835\uddf9\ud835\uddee\ud835\ude01\ud835\uddf6\ud835\uddfc\ud835\uddfb \ud835\uddf6\ud835\ude00 \ud835\uddf4\ud835\uddfc\ud835\uddf6\ud835\uddfb\ud835\uddf4.<\/p>\n
Today, markets must decide which one matters\u00a0more.<\/p>\n
\ud83d\udc49 \ud835\uddd9\ud835\uddfc\ud835\uddf9\ud835\uddf9\ud835\uddfc\ud835\ude04 \ud835\ude01\ud835\uddf5\ud835\uddf2 \ud835\uddfa\ud835\uddee\ud835\uddff\ud835\uddf8\ud835\uddf2\ud835\ude01\ud835\ude00 \ud835\ude04\ud835\uddf6\ud835\ude01\ud835\uddf5 \ud835\udde1\ud835\uddfc\ud835\uddff\ud835\uddf1\ud835\uddd9\ud835\uddeb: #NordFX #CPI #FederalReserve #Inflation #Forex #Gold #Oil\u00a0#Trading<\/p>\n \ud83d\udd25 \ud835\udde7\ud835\uddf5\ud835\uddf2 \ud835\uddd6\ud835\udde3\ud835\udddc \ud835\udde3\ud835\uddee\ud835\uddff\ud835\uddee\ud835\uddf1\ud835\uddfc\ud835\ude05: \ud835\uddd6\ud835\uddee\ud835\uddfb \ud835\uddd6\ud835\uddfc\ud835\uddff\ud835\uddf2 \ud835\udddc\ud835\uddfb\ud835\uddf3\ud835\uddf9\ud835\uddee\ud835\ude01\ud835\uddf6\ud835\uddfc\ud835\uddfb \ud835\uddd6\ud835\uddfc\ud835\uddfc\ud835\uddf9 \ud835\uddea\ud835\uddf5\ud835\uddf6\ud835\uddf9\ud835\uddf2 \ud835\ude01\ud835\uddf5\ud835\uddf2\u2026<\/a> was originally published in Coinmonks<\/a> on Medium, where people are continuing the conversation by highlighting and responding to this story.<\/p>","protected":false},"excerpt":{"rendered":" \ud83d\udd25 \ud835\udde7\ud835\uddf5\ud835\uddf2 \ud835\uddd6\ud835\udde3\ud835\udddc \ud835\udde3\ud835\uddee\ud835\uddff\ud835\uddee\ud835\uddf1\ud835\uddfc\ud835\ude05: \ud835\uddd6\ud835\uddee\ud835\uddfb \ud835\uddd6\ud835\uddfc\ud835\uddff\ud835\uddf2 \ud835\udddc\ud835\uddfb\ud835\uddf3\ud835\uddf9\ud835\uddee\ud835\ude01\ud835\uddf6\ud835\uddfc\ud835\uddfb \ud835\uddd6\ud835\uddfc\ud835\uddfc\ud835\uddf9 \ud835\uddea\ud835\uddf5\ud835\uddf6\ud835\uddf9\ud835\uddf2 \ud835\ude01\ud835\uddf5\ud835\uddf2 \ud835\uddd9\ud835\uddf2\ud835\uddf1 \ud835\udde6\ud835\ude01\ud835\uddf6\ud835\uddf9\ud835\uddf9 \ud835\udddb\ud835\uddf6\ud835\uddf8\ud835\uddf2\ud835\ude00? \ud835\udde1\ud835\uddfc\ud835\uddff\ud835\uddf1\ud835\uddd9\ud835\uddeb Today\u2019s US CPI could deliver exactly the kind of signal markets hate: \ud835\uddf4\ud835\uddfc\ud835\uddfc\ud835\uddf1 \ud835\uddfb\ud835\uddf2\ud835\ude04\ud835\ude00 \ud835\uddee\ud835\uddfb\ud835\uddf1 \ud835\uddef\ud835\uddee\ud835\uddf1 \ud835\uddfb\ud835\uddf2\ud835\ude04\ud835\ude00 \ud835\uddee\ud835\ude01 \ud835\ude01\ud835\uddf5\ud835\uddf2 \ud835\ude00\ud835\uddee\ud835\uddfa\ud835\uddf2 \ud835\ude01\ud835\uddf6\ud835\uddfa\ud835\uddf2. \ud83d\udcca Economists expect August headline CPI to rise \ud835\udfec.\ud835\udff0% \ud835\uddfa\/\ud835\uddfa \ud835\uddee\ud835\uddfb\ud835\uddf1 \ud835\udfef.\ud835\udff0%\u00a0\ud835\ude06\/\ud835\ude06. Core CPI, however, is forecast at only \ud835\udfec.\ud835\udfee% […]<\/p>\n","protected":false},"author":0,"featured_media":222805,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[],"class_list":["post-235839","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-interesting"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/235839"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=235839"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/235839\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/222805"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=235839"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=235839"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=235839"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
https:\/\/my.nordfx.com\/en\/registration?utm_source=social&utm_medium=post&utm_campaign=nordfx<\/a><\/p>\n