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All eyes are on US CPI tomorrow.
August headline CPI is expected at 3.4% YoY, while core inflation is forecast at 2.4%.
This one could set the tone heading into next week’s Fed decision.
A hotter print could strengthen the case for another rate hike and add more pressure to risk assets.
A cooler reading could do the opposite, helping markets settle after today’s negative reaction to PPI.
Either way, tomorrow’s CPI is the number to watch.
Volatility could pick up fast once the data drops.
#USStocksRecordSixthLargestWeeklyInflowSince2008