Good morning, you're listening to Markets Desk.
September's inflation print came in hotter than expected, with the consumer price index rising three point seven percent year over year, above the three point six percent consensus. The monthly gain also topped forecasts, driven largely by surging gasoline costs, keeping the Fed's tightening calculus firmly in play heading into year end.
Shifting to fixed income, investors weighing bond exposure are parsing the difference between two Vanguard stalwarts. The Intermediate-Term Corporate Bond ETF is offering a higher yield than the Total Bond Market ETF, a spread that matters in an environment where every basis point counts, though the corporate sleeve carries meaningfully more credit risk than the broader index.
And on the geopolitical front, Iran has declared it is counting the moments until it can strike American warships in the region, as Houthi attacks continue to escalate and Saudi Aramco facilities reportedly came under fresh assault overnight. Energy markets are watching closely, and the risk premium baked into crude has every reason to hold or widen from here.
That's the tape. Markets Desk, signing off the floor.
