⚡ JUST IN !!! - US JULY CPI REPORT MEETS FORECASTS AS INFLATION COOLS TO 3.4% 🇺🇸
Headline CPI Metrics: The Consumer Price Index (CPI) for July rose 0.1% month-over-month (reversing from -0.4% prior) and increased 3.4% year-over-year — marking the lowest growth rate since March and matching market expectations.
Core CPI Metrics: Core CPI (excluding food and energy) advanced 0.2% monthly and 2.5% annually, precisely aligning with analyst forecasts and easing slightly from the prior reading of 2.6%.
Precious Metals Market Reaction: Despite inflation figures meeting predictions and continuing to soften, spot gold experienced a sharp $50 pullback, retreating to trade around the $4,399/oz mark. 📉🪙
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Headline CPI Metrics: The Consumer Price Index (CPI) for July rose 0.1% month-over-month (reversing from -0.4% prior) and increased 3.4% year-over-year — marking the lowest growth rate since March and matching market expectations.
Core CPI Metrics: Core CPI (excluding food and energy) advanced 0.2% monthly and 2.5% annually, precisely aligning with analyst forecasts and easing slightly from the prior reading of 2.6%.
Precious Metals Market Reaction: Despite inflation figures meeting predictions and continuing to soften, spot gold experienced a sharp $50 pullback, retreating to trade around the $4,399/oz mark. 📉🪙
$XAU $BTC $ETH