Morning Juice – US Session Prep (10th September)

Sentiment
The dollar was marginally weaker ahead of of US PPI later in the day, which may shed more light on the pace of US rate cuts in the coming months. Treasuries were mixed, with shorter maturities assisted by a run of soft US data, which has added to the case for more easing from the Fed. Investors also await a sale of 10-Yr Treasuries on Wednesday.
US equities are set to notch fresh highs after Oracle soared on a blowout outlook.

Traders have discounted a 25 BPS cut at next week’s Fed meeting, while they are wagering on a nearly 90% possibility that the Fed will deliver 75 BPS of easing by year-end, slightly less than earlier in the week.

A judge temporarily blocked Trump from removing Fed’s Cook, allowing her to remain on the job as she challenges Trump’s efforts to eject her over claims of mortgage fraud.

Docket
08:30 ET
US PPI for August
YoY – Forecast: 3.3% | Prior: 3.3% | Range: 3.5% / 2.8%
MoM – Forecast: 0.3% | Prior: 0.9% | Range: 0.6% / -0.2%
Core YoY – Forecast: 3.5% | Prior: 3.7% | Range: 3.9% / 3.4%
Core MoM – Forecast: 0.3% | Prior: 0.9% | Range: 0.6% / 0.1%

10:30 ET
US Weekly EIA Crude Oil Inventories
Forecast: -1.4M | Prior: 2.415M | Range: -0.5M / -4.153M

13:00 ET
US sells $39 bln 10-Year Notes

Good luck!