September 13, 2023 11:23 GMT
Argentina CPI Follows US Inflation Report
- A light data day in LatAm with Argentina CPI headlining the afternoon session. All focus will be on the US inflation report, where consensus puts core CPI at 0.2% M/M in August in what’s likely only a minor uptick from unrounded 0.16% M/M readings in both June and July.
- Some Bank of Japan board members now believe their outlook report’s median forecast for core-core consumer price inflation of 1.8% in fiscal 2025 is sufficient to achieve their 2% target, with yen weakness fuelling concerns over future price rises, though many members still want to ensure price and wage momentum is sustainable before raising interest rates, MNI understands. While the BOJ does not target the exchange rate, the weaker yen could add to arguments for adjusting real interest rates with some officials concerned that the Bank could fall behind the curve on inflation.
- North Korean leader Kim Jong Un and President Vladimir Putin met for their first summit in four years, which the US said could focus on weapons deals that help the Kremlin’s assault on Ukraine. Putin and Kim held talks Wednesday at the Vostochny Cosmodrome space center in the Amur region. They shared a handshake when Kim stepped out of his limousine and then toured the space center, visiting exhibitions on Angara rockets — a family of launch vehicles.