⚡Crypto Alert : Altcoins are up 28% in just last month! Unlock gains and start trading now - Click Here

US Inflation Cools in September, Earnings Increase

Posted Tuesday, October 13, 2020 by
Skerdian Meta • 1 min read

The US economic recovery after the lock-down months looks a lot better than in Europe. While the recovery has slowed considerably in Europe and some areas are experiencing contraction again, like services or the ZEW economic sentiment that we saw earlier today.

In the US, the economic recovery is keeping up the pace, as earnings show in this report, although CPI inflation has cooled off a bit. This points to the USD turning bullish once the elections are over and both sides have accepted the winner.

 

US September CPI and Earnings Reports

  • September CPI YoY +1.4% vs +1.4% expected
  • August CPI YoY was +1.3%
  • Core CPI YoY, excluding food and energy +1.7% vs +1.7% exp
  • August core CPI was +1.7%
  • CPI MoM +0.2% vs +0.2% expected
  • Core CPI MoM excluding food and energy +0.2% vs +0.2% exp
  • Average weekly earnings +4.1% vs +3.9% expected
  • Average hourly earnings +3.3% +3.2% prior

 

Check out our free forex signals
Follow the top economic events on FX Leaders economic calendar
Trade better, discover more Forex Trading Strategies
Related Articles
Comments
0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments