Morning Juice – US Session Prep (11th September)

Sentiment
The dollar inched up ahead of CPI, which is expected to underscore ongoing US inflation pressures that may prevent the Fed from cutting interest rates aggressively in the coming months. Treasury yields were little changed.

The 2-Yr Treasury yield was largely unchanged at 3.55%. The 10-Yr yield was flat at 4.05%.

EUR/USD declined 0.1% before ECB rate decision. While the ECB is widely anticipated to keep rates on hold, some analysts warn that markets are underpricing the risk of more dovish inflation projections.

Docket
8:30 ET
US CPI for August
YoY – Forecast: 2.9% | Prior: 2.7% | Range: 3% / 2.7%
MoM – Forecast: 0.3% | Prior: 0.2% | Range: 0.5% / 0.1%
Core MoM – Forecast:0.3% | Prior: 0.3% | Range: 0.4% / 0.2%
Core YoY – Forecast: 3.1% | Prior: 3.1% | Range: 3.2% / 3%

US Weekly Jobless Claims
Initial – Forecast: 235k | Prior: 237k | Range: 247k / 225k
Continued – Forecast: 1.95M | Prior: 1.94M | Range: 1.96M / 1.933M

13:00 ET
US to sell $22 bln at 30-Yr Bond Auction

Speakers and Events
08:45 ET
ECB Press Conference with ECB’s President Lagarde

Good Luck!