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11.09.26 - 16:24
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Canada Trade Can Help US Cool Inflation, Poilievre Says (Bloomberg)
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Conservative Party of Canada Leader Pierre Poilievre discusses the state of trade and tariffs with the United States. He says Canada's oil and mineral resources can help alleviate US inflation pressures, but the Trump administration needs to back off its tariff policies against its northern neighbor. He speaks on “Bloomberg Surveillance.” (Source: Bloomberg)...
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11.09.26 - 16:12
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Rate-Hike Odds Soar Despite Lowest Core Consumer Price Inflation Since 2021 (ZeroHedge)
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Rate-Hike Odds Soar Despite Lowest Core Consumer Price Inflation Since 2021
Following fuel-driven jump in Producer Prices, consensus was for a concomitant jump MoM in Consumer prices this morning, after last month's decline as energy prices have rebounded (though we warned that amid all the interventionist-y chatter, nothing would surprise us less than 'cool' print to offset the PPI scare).
And analysts were right with headline CPI rising 0.4% MoM (exactly as expected) - biggest MoM since May - but prices rose 3.5% YoY (in line with expectations and flat to the prir month)...
Core Services accelerated...
...BUT Fuel prices dominated the rise in headline CPI...
Headline CPI rose 0.4% MoM in August, after rising 0.1% in July. Over the last 12 months, the all items index increased 3.4%.
The index for energy increased 2.1 percent over the month: The index for gasoline rose 3.9% in August, accounting for over one third of the monthly all items increase.
The shelter index rose 0.3 percent in Aug...
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11.09.26 - 16:12
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UMich Sentiment ′Expectations′ Plunge Near Record Lows As Republicans Lose Faith, Inflation Fears Rebound (ZeroHedge)
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UMich Sentiment 'Expectations' Plunge Near Record Lows As Republicans Lose Faith, Inflation Fears Rebound
After July's rebound to pre-war levels, a re-escalation in the MidEast (and soaring fuel costs) sent confidence back towards YTD lows. Preliminary September data was expected to show UMich headline sentiment sliding further.
'Slide' is not exactly how we would describe preliminary September confidence data's collapse (headline from 51.7 to 47.8 vs 51.0 exp). The current conditions gauge fell to 50.9 from 51.9 in the previous month, while the expectations index plunged to 45.8 from 51.5 - just off record lows.
Democrats and Republicans alike posted sizable declines, while independents were little changed from August.
“Opinions of the government's economic policy worsened about 10% this month and remain substantially below February 2026, just prior to the Iran conflict,'' Joanne Hsu, director of the survey, said in a statement.
“Notably, even Republicans, who generally supporte...
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11.09.26 - 16:12
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Futures Rise As Oil Prices Drop Ahead Of CPI Report (ZeroHedge)
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Futures Rise As Oil Prices Drop Ahead Of CPI Report
Futures are higher thanks to an overnight retreat in oil prices (which is unlikely to hold now that Houthi rebels effectively control the entire Red Sea) and bond yields which track oil tick for tick, but the tone could quickly shift with the week's biggest catalyst, August CPI data, due before the cash open. As of 8:00am ET, S&P and Nasdaq futures gain 0.6% with Mag 7 stocks are mostly higher, led by AMZN (+0.6%) and META (+0.7%). In premarket trading, ORCL rose 7% as its AI cloud backlog beat estimates. MSFT is planning to more than triple its data center capacity to ease computing shortages. WTI crude fell 3% overnight amid the report that Gulf states are weighing a meeting with Iranian officials to discuss the future of the Strait, the first gathering since the war began more than six months ago. Oil is on track for a 8% jump since Monday, and the International Energy Agency warned higher prices would hit consumption. Bond yields are 1...
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11.09.26 - 15:46
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ROUNDUP: US-Inflationsrate verharrte auf hohem Niveau (DPA-AFX)
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WASHINGTON (dpa-AFX) - Die Inflation in den USA hat sich im August wie erwartet auf hohem Niveau nicht verändert. Im Jahresvergleich stiegen die Verbraucherpreise um 3,4 Prozent, wie das Arbeitsministerium am Freitag in Washington mitteilte. Im Juli hatte ......
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11.09.26 - 15:24
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Stocks, Treasuries Get Relief Ahead of CPI, US Diesel Passes $6/Gallon (Bloomberg)
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US equity futures and Treasuries find some relief as investors await the latest inflation data for a signal on whether the Federal Reserve will raise interest rates next week. US diesel prices rose above $6 a gallon for the first time ever, raising the risk of further energy-driven inflation. The US marks 25 years since the September 11 terrorist attacks. Isabelle Mateos Y Lago of BNP Paribas joins "Bloomberg Brief" to look ahead to the CPI data. (Source: Bloomberg)...
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