US Inflation Cools in September, Earnings Increase

US CPI fell to 0.2% in September, but earnings increased

Skerdian Meta•Tuesday, October 13, 2020•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

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Skerdian Meta

Lead Analyst

Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.