13 Sep 2023

The trade-weighted dollar is moving sideways, equity futures are slightly weaker, and long-term yields are creeping higher ahead of data that is expected to show core consumer price growth continuing to fade in the face of the Federal Reserve’s tightening campaign. According to consensus expectations, month-over-month headline inflation accelerated to 0.6 percent in August as energy prices climbed, driving the all-items index to a 3.6-percent gain over last year. But core – widely considered a more reliable gauge of underlying inflation – is seen rising just 0.2 percent for a third month running, bringing the year-over-year increase down to 4.3...