US stocks are bouncing back, while gold and silver are taking a hit. Today's CPI data has catalyzed another upward adjustment in the market!
On the 10th, the US Labor Department released data showing that due to rising energy prices, the Consumer Price Index (CPI) rose 4.2% year-over-year in May, marking the highest since May 2023. Excluding food and energy prices, the core CPI for May increased by 2.9% year-over-year.
Following the release of the US May inflation report, traders have dialed back their bets on Fed interest rate hikes.
Opening contracts recently has been like navigating through hell.
#美国CPI升至4.2%创三年新高
On the 10th, the US Labor Department released data showing that due to rising energy prices, the Consumer Price Index (CPI) rose 4.2% year-over-year in May, marking the highest since May 2023. Excluding food and energy prices, the core CPI for May increased by 2.9% year-over-year.
Following the release of the US May inflation report, traders have dialed back their bets on Fed interest rate hikes.
Opening contracts recently has been like navigating through hell.
#美国CPI升至4.2%创三年新高