#CPIWatch : The next inflation print could decide the Fed’s next move — and set the tone for stocks, gold and silver.
August NFP came in far above expectations at 162K vs 55K expected, keeping the labor market strong. Now all eyes are on CPI ahead of the Fed’s September meeting.
Markets expect:
• Headline CPI: 3.4% YoY / 0.4% MoM
• Core CPI: 2.4% YoY
• Markets are leaning toward a 25 bps Fed hike
A hotter CPI could push yields higher and pressure risk assets, while potentially creating short-term volatility in
#XAU /USD (Gold) and
#XAG /USD (Silver).
A softer CPI could strengthen the rate-cut/hold narrative, potentially supporting stocks and precious metals.
Bullish or bearish?
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