Markets brace for volatility on ECB verdict, US Retail Sales and PPI data

Markets remain cheerful, as Asian stocks rise after the all-important US Consumer Price Index (CPI) data cemented Federal Reserve (Fed) pause bets. The US S&P 500 futures, the risk barometer, is up nearly 0.30% on the day.

On Wednesday, the annual United States inflation gauge rose 3.7% in August, compared with a 3.6% rise expected. The CPI rose 0.6% in August, its biggest monthly gain of 2023 but matched the market consensus. The core CPI increased 0.3% and 4.3% respectively, against estimates for 0.2% and 4.3%.

Source: FXStreet.com