Global Markets Fall as Hot CPI Fuels Fed Rate Hike Fears
Hot U.S. inflation drives Treasury yields and the dollar higher while pressuring stocks and European currencies, with oil risks adding uncertainty.
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Hot U.S. inflation drives Treasury yields and the dollar higher while pressuring stocks and European currencies, with oil risks adding uncertainty.

The American currency tested yearly highs as traders focused on higher-than-expected inflation data.
The consumer price index was expected to increase 0.6% in September on a monthly basis and 3.6% from a year ago, according to the Dow Jones consensus forecast.
The consumer price index was expected to increase 0.6% in September on a monthly basis and 3.6% from a year ago, according to the Dow Jones consensus forecast.

Goldman beat estimates; JPMorgan and Wells Fargo stumbled. September US CPI could test crowded USD positioning and the Feds hawkish repricing.

DXY slips below its rising trendline ahead of U.S. CPI, while EUR/USD eyes a breakout above 1.1233 and GBP/USD targets 1.3284 amid Fed and BoE policy uncertainty.
The Philippine central bank is running policy scenarios for a severe El Niño on top of the oil shock, with inflation at a three-year high.

Energy has offered a little bit of relief in the early part of the session, but we have seen it turn around during New York trading.

The American currency pulled back as traders took some profits off the table near yearly highs.

The divergence between gold and the dollar is real, and its the same one that preceded the September slide.

DXY holds above 102.10 ahead of U.S. CPI as EUR/USD struggles below 1.1218 and GBP/USD eyes a triangle breakout near 1.3284 amid Fed policy uncertainty.

South Koreas KOSPI plunges on chip selloff as big banks open earnings season, with US CPI due tomorrow.
The IMF says risks in the government bond market have worsened and that yields could jump sharply and disorderly.
The IMF raised its 2026 global growth forecast to 3.1%, warning that resilience is tested by energy constraints and looming fiscal risks.

Brents surge above $109 renews inflation fears as markets brace for U.S. CPI and PPI data amid persistent dollar strength and European debt concerns.
India inflations jumps for the 11-straight month, raising prospects of a further interest rate hike

US CPI, Aussie jobs and bank earnings headline the week.

US dollar holds firm ahead of Wednesdays CPI report as DXY targets 102.49, EUR/USD risks a break below 1.1180, and GBP/USD struggles beneath 1.3284.

The October 14 CPI report could shape December Fed rate hike expectations as EUR/USD approaches the key support zone at 1.11–1.12.

What a way to end the week. The dollar is pushing higher, but precious metals arent exactly rolling over.