US September CPI exceeded expectations month on month The US dollar index recorded its largest increase in nearly two weeks

US September CPI exceeded expectations month on month

The US dollar index recorded its largest increase in nearly two weeks

Gold prices rose and then fell back

On Thursday (October 12), the US stock market fell, while the yield of treasury bond bonds rose, because the data strengthened the market's speculation that it was too early for the Federal Reserve to declare victory on inflation, and investors' expectations of another interest rate hike this year were rising.

The S&P 500 index has stopped four consecutive days of gains. Bank stocks performed poorly before JPMorgan Chase, Citigroup, and Wells Fargo released their results on Friday. US treasury bond bond yields fell across the board. After the US bond auction led to weak demand, the 30-year treasury bond bond interest rate soared by 19 basis points. The US dollar achieved its largest increase in five weeks. The possibility of the Federal Reserve raising interest rates by another 25 basis points has been raised by the swap contract from nearly 30% on Wednesday to around 40%.

According to a report released by the US Department of Labor on Thursday, the US consumer price index rose 0.4% month on month and 3.7% year-on-year in September. Dow Jones predicts 0.3% and 3.6% respectively. The core inflation data, excluding food and energy prices, met economists' expectations, with a month on month increase of 0.3% and a year-on-year increase of 4.1%. This data was released after the September producer price index was stronger than expected.