News

Pre-session briefing: inflation week turns to PPI

October 15, 2026 · 1 min read · Pardip Bansal

Hot core CPI, UK GDP beat: +0.1% vs -0.1%

Overnight price up price down

Rates

4.82% US 2y, yield up after hot core CPI

FX

102.6 DXY close, off 18-month high

Commodities

$4,144 gold, rebound after CPI washout
$104.4 Brent, Gulf claims, no supply hit

Gulf

Houthi Jeddah strike claim, no Saudi confirmation

Data overnight

Release	Actual	Fcst	Prior
US CPI y/y	3.7%	3.6%	-
US core mm	+0.3%	+0.2%	-
US core yy	2.6%	2.5%	-
UK GDP m/m	+0.1%	-0.1%	-
UK IP m/m	+0.8%	-0.1%	-
UK mfg m/m	+1.2%	0.0%	-

above fcst below in line

Today 16:30 GST

Release	Actual	Fcst	Prior
US PPI m/m	due	+0.6%	+0.4%
Core PPI	due	+0.3%	-
Retail m/m	due	+0.3%	-
Claims	due	200k	-
Philly Fed	due	28.0	-

above fcst below in line due

Tape

DXY cls 102.6 -US 2y 4.82 -Brent 104.4 -1.6%Gold 4,144 -

price up price down flat/unverified

Assets: US 2Y yields, DXY, Gold

What it means Hot core CPI plus a UK GDP beat keeps both central banks leaning hawkish; oil is the swing factor.

FO view: After a hot CPI, a PPI print at or above 0.6% m/m would reinforce the view that the disinflation path has stalled.

FO ties

15 Oct 2026, 10:35 GST | 07:35 UK (BST)

Not investment advice.

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