© Reuters. FILE PHOTO: A reflection of passersby walking is seen on an electronic board showing Japan's Nikkei average outside a brokerage, in Tokyo, Japan, March 20, 2023. REUTERS/Androniki Christodoulou/File Photo
"The risk is higher oil prices, a slump in equities, and a surge in volatility supports the dollar and yen, and undermine 'risk' currencies," said analysts at CBA in a note.
Median forecasts are for a 0.3% gain in both the headline and core measures, which should see the annual pace of inflation slow a touch. Fed fund futures now implied an 86% chance rates would stay on hold in November, and had around 75 basis points of cuts priced in for 2024.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more: