US consumer prices rose 3.7% in September as a gasoline surge accounted for more than half the monthly gain, lifting fourth-hike bets at the Fed.
Tag: Federal Reserve
Posted inEconomy
Fed’s Williams Keeps Door Open on a Fourth 2026 Rate Hike Before Year-End
New York Fed president John Williams signalled that one more rate increase in 2026 remains appropriate, citing persistent Middle East energy pressures and AI infrastructure costs, as September CPI data arrives today.
Posted inMarkets
Nasdaq Hits Record 27,477 Even as 10-Year Treasury Yield Climbs to 5.31%
The Nasdaq Composite closed at an all-time high of 27,477 on October 4 despite the 10-year Treasury yield reaching its highest level since April 2002, as AI earnings growth overrode the conventional bond-market warning to growth stocks.
Posted inEconomy
Bessent Says US Core Inflation Is Near 2.3% and Q3 GDP Will Exceed 3%
Treasury Secretary Scott Bessent said Tuesday that US core inflation had retreated to around 2.3 percent and third-quarter GDP growth would likely exceed 3 percent, pushing back against recession concerns after September’s weak jobs print.
Posted inEconomy
US Services Sector Holds at 55.1 in September as Fed Hold Bets Reach 84%
The ISM Services PMI for September came in at 55.1 on October 5, signalling continued services expansion even as the Fed-hold odds climbed to 84%.
Posted inMarkets
Gold Slips to $4,140 as Weak Payrolls Fail to Offset Rising Yields
Gold fell 0.9 percent to $4,140 on Friday after September’s 29,000 payrolls print failed to hold yields lower, with the 10-year Treasury climbing back toward 5.26 percent and the dollar near a 17-month high.
Posted inMarkets
Stocks Rally and Treasury Yields Fall as Weak Jobs Data Dims Fed Hike Odds
US equity futures climbed 0.8–1.2% on October 2 after September payrolls missed badly at 29,000, sending the 10-year Treasury yield back toward 5.18% and lifting Fed rate-hold odds to roughly 72%.
Posted inEconomy
September Payrolls Add Just 29,000 Jobs as Unemployment Climbs to 4.2%
The US economy added only 29,000 jobs in September, sharply below the 84,000 consensus forecast, while unemployment rose to 4.2% and two months of prior data were revised down by a combined 60,000.
Posted inEconomy
August Core PCE Undershoots at 3.0%, Cooling Second Fed Hike Bets
The Fed’s preferred inflation gauge rose 3.0% on a core basis in August, below the 3.3% forecast, easing pressure for a second consecutive rate hike at the October FOMC meeting.
Posted inEconomy
US Private Employers Added 90,000 Jobs in September, Topping Forecasts
ADP’s September payroll data showed US private employment rising 90,000 — well above the 68,000 consensus — led by education and health, ahead of Friday’s official nonfarm payrolls report.