DAILY BRIEF
Consumer Price Index ex Food & Energy (MoM): 0.30%, 10s +12bp · Fri 11 Sep 2026
Treasuries (close 2026-09-10): 2s 4.56% (+13.0bp), 10s 4.95% (+12.0bp), 30s 5.37% (+9.0bp).
Tape (close 2026-09-10): VIX 17.84, 2s10s +39bp.
Narrative: The Fed Is Poised for a Rate Hike. It Rarely Stops at One - WSJ's Nick Timiraos
What mattered:
• Consumer Price Index ex Food & Energy (MoM): 0.30%
• United States Michigan Consumer Sentiment Index below expectations (51) in September: Actual (47.8)
• The Fed Is Poised for a Rate Hike. It Rarely Stops at One - WSJ's Nick Timiraos
• Fed Chair Kevin Warsh under presssure to hike rates as inflation fails to cool: ‘Time to put up or shut up’
• Higher than expected core CPI gives Fed enough to tighten