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#corecpi

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Eurozone inflation data for September shows Core CPI holding at 2.7% YoY, matching forecasts. Headline CPI fell to 1.7% YoY, slightly below the expected 1.8%, with a -0.1% MoM change. Trade balance for August came in at €4.6B, missing the €17.8B estimate and dropping sharply from the previous €21.2B. The data shows weaker inflation pressures and a decline in trade surplus.

The US inflation data for September; Core CPI (MoM) came in at 0.3%, above the consensus of 0.2%. On a yearly basis, Core CPI hit 3.3%, surpassing the expected 3.2%. Headline CPI (MoM) matched the previous month at 0.2%, beating the forecast of 0.1%. Year-over-year, headline CPI eased to 2.4%, slightly above the forecasted 2.3% but down from 2.5%.

#US#CPI#Inflation

Today, the US CPI & Core CPI data for September are in focus. Core CPI is expected to remain at 3.2% YoY, with a monthly ease to 0.2% (prev. 0.3%). Headline inflation is projected to decline from 2.5% to 2.3% YoY, with a monthly drop to 0.1% (prev. 0.2%). If data meets expectations, it could pave the way for a 25 bps rate cut in Nov. Jobless claims are expected at 1,830K (ongoing) and 231K (initial). If these also align, markets may see a brief rally. #CPI #CoreCPI #JoblessClaims #Inflation #US