Morning Juice – US Session Prep

Good Morning Traders.
It is Thursday the 10th of October. Here is what to look out for today.

Sentiment
US stock futures posted modest declines, a day after the benchmark S&P 500 closed at a record high, as investors awaited key inflation data for clues on the path of interest rates. Focus later in the day will be on the consumer price index, which is expected to show that key measures of inflation decelerated last month. The figures will be crucial to determine the outlook for the Federal Reserve’s monetary policy. Options markets are pricing in a move of about 0.7% in the S&P 500 following the inflation figures, according to data.

Docket
08:30 ET
US CPI for September
YoY – Median Forecast: 2.3% | Prior: 2.5% | Range: 2.4% / 2.2%
MoM – Median Forecast: 0.1% | Prior: 0.2% | Range: 0.2% / 0%
Core YoY – Median Forecast: 3.2% | Prior: 3.2% | Range: 3.3% / 3.1%
Core MoM – Median Forecast: 0.2% | Prior: 0.3% | Range: 0.3% / 0.1%

Weekly Jobless Claims
Initial – Median Forecast: 230K | Prior: 225K | Range: 225K / 218K
Continued – Median Forecast: 1.83M | Prior: 1.826M | Range: 1.845M / 1.8M

13:00 ET
The US Sells $ Bln in 30-Year Bonds at Auction

Speakers
09:15 ET
Fed’s Cook

10:30 ET
Fed’s Barkin

11:00 ET
Fed’s Williams