1. Core CPI MoM rises, indicating inflation is cooling more slowly; the market will lower expectations for interest-rate cuts: the Federal Reserve will not cut rates as quickly or as significantly.
2. Market interpretation: hawkish.
- Negative: US stocks, gold, and cryptocurrencies (weaker rate-cut expectations make the dollar more likely to strengthen)
- Positive: the US dollar.
2. Market interpretation: hawkish.
- Negative: US stocks, gold, and cryptocurrencies (weaker rate-cut expectations make the dollar more likely to strengthen)
- Positive: the US dollar.
