![Daily Flows & Insights – U.S. Inflation](/_next/image?url=https%3A%2F%2Fdata.curve.com.au%2Fwp-content%2Fuploads%2F2023%2F10%2Fpexels-pixabay-356844-1-1024x683.jpg&w=3840&q=75)
Daily Flows
- A BOQ floating bond, 2026, gathered flow yesterday, with market participants able to pick it up at DM of +105.
- 5 year term deposit offerings continue to be added to investors portfolios as they start to consider the declining interest rates over the next 5 years.
- Approaching mid-month, market participants should expect an ease in liquidity as mid month inflows approach.
U.S. Inflation
- In September 2023, the US inflation rate held steady at 3.7%, defying expectations of a slight decrease to 3.6%.
- The steadiness was due to energy prices falling by 0.5%, offsetting slower inflation in other categories.
- The core Consumer Price Index (CPI), excluding food and energy, slowed to 4.1%, the lowest since September 2021.
- Monthly consumer prices increased by 0.4%, down from 0.6% in August but higher than the expected 0.3%.
- The core rate remained unchanged at 0.3%.
- It’s important to note that monthly CPI data can be volatile.
- This report will cause some concern amongst fed officials but clarity will be sought through further data such as the PCE deflator data which tends to be lower than CPI.