Societe Generale in its early Thursday economic news summary pointed out:

-- US dollar and United States yields consolidate near highs before the consumer price index, test for 'immaculate disinflation' and Federal Easing easing path. Hurdle for 10-year US Treasury at 4.14%/4.17%. 10-year auction tailed 0.5bp, b/c 2.48 times, decent non-dealer bidding 86.1%. S&P 500 at a record high of 5,792.

-- Day ahead: US CPI -- SocGen forecasts headline 0.1% month over month and 2.2% year over year, core 0.2% month over month and 3.1% year over year, weekly jobless claims. Federal Reserve speakers Cook, Barkin and Williams. European Central Bank September accounts. Czech Republic CPI.

-- FOMC minutes: 'substantial majority' of Fed participants favored 50bps rate cut. 'A few participants also added that a 25bps move could signal a more predictable path of policy normalization.' Francisco Federal Reserve Bank President Daly: one or two more quarter-point cuts this year most likely.

-- Norway's CPI accelerates to 3.0% year over year in September from 2.6% in August, below forecast. The underlying rate ticks up to 3.1%.

-- Nikkei +0.3%, EUR 10-year IRS unchanged at 2.49%, Brent crude +0.7% at $77.1/barrel, Gold +0.3% at $2,615/oz.