The U.S. September CPI increased by 3% year-on-year, which was below expectations, compared to the previous value of 2.9%
In September, the U.S. CPI increased by 3% year-on-year, lower than the expected 3.1%, and the previous value was 2.9%. The month-on-month increase was 0.3%, also below the expected 0.4%. The core CPI year-on-year and month-on-month were both 3% and 0.2%, which also fell short of expectations. After the data was released, U.S. stock index futures surged in the short term, with Nasdaq futures rising nearly 1%, while the 10-year Treasury yield fell by more than 2 basis points, currently reported at 3.978%
On Friday, the U.S. Bureau of Labor Statistics released data showing:
- U.S. September CPI increased by 3% year-on-year, estimated at 3.1%, previous value was 2.9%.
- U.S. September CPI increased by 0.3% month-on-month, expected 0.4%, previous value was 0.4%.
- U.S. September core CPI increased by 3% year-on-year, expected 3.1%, previous value was 3.1%.
- U.S. September core CPI increased by 0.2% month-on-month, expected 0.3%, previous value was 0.3%.
Market Reaction
After the release of U.S. CPI and other economic data, the three major U.S. stock index futures surged in the short term, with Nasdaq futures rising nearly 1% during the day.
U.S. Treasury yields fell sharply in the short term, with the 10-year Treasury yield down over 2 basis points, currently reported at 3.978%.
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