LIVE NOW: CPI DATA INFLATION REPORT!
In a Nutshell
CPI data came in exactly at 3.4% as expected, with Core CPI rising 0.3% month-over-month versus 0.2% expected, yet markets rallied on relief. FedWatch shows a 90% probability of a rate hike next week, prompting the speaker to advise staying in cash and avoiding aggressive positions into the decision.
These notes were generated by AI and may contain inaccuracies.
Ricky from Learn Plan Profit is live at 5:26 a.m. on September 11th waiting for the CPI inflation report release. Markets are showing a relief rally with QQQ in the green ahead of the data. Market expectation for CPI is 3.4%.
The last two CPI reports either came in lower than expected or as expected. The official release website is bls.gov/cpi. If CPI comes in higher than expected, markets are expected to drop. If CPI comes in lower than expected, markets can rally.
There are less than two minutes remaining before the report release. Trading right before a major economic report carries risk as markets can gap up or down. Micron (MU) is up 1.4%. MSTR has dropped from highs of 145 to lows of 128, with potential for recovery if inflation comes in low.
The CPI report came in at 3.4% as expected. Initial confusion about a 3.9% reading was clarified as being related to the gasoline index. Core CPI rose 0.3% for the month, higher than the expected 0.2% increase. Core CPI for the year came in at 2.4% as expected.
All items rose 3.4% over the past 12 months after rising 3.5% the previous month. All items less food and energy rose 2.5% over the past year. Overall CPI came in at 3.4% for seasonal adjustment.
Fuel oil saw a 10.1% increase, one of the largest increases seen in recent months. Utility piped gas services showed a large decrease. With oil still rising, this presents a concern for the upcoming month.
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