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Good morning. Soft core inflation is expected to guide Fed interest rates, BP chief executive resigns, and controversial technology underlies the $4.5 trillion carbon capture challenge. Here’s what’s moving markets.

The monthly report on US consumer prices due Wednesday is set to show a third month of subdued core inflation, adding to the case against more Federal Reserve interest-rate increases, according to Bloomberg Economics. Another tepid advance for prices excluding food and energy of 0.2% in August would probably be more important to Fed officials than an energy-driven rebound in the overall consumer price index, which may have risen 0.6%, according to a report by Bloomberg economists. “We think policymakers will look through the hot headline and take solace in the stretch of soft core inflation readings,” said Anna Wong and Stuart Paul. Slowing core inflation over the last two months has raised hopes that the Fed will cease rate increases. Investors currently see the chances of another rate hike in 2023 as a bit below 50%, according to futures.