🚨 Ahead of U.S. Inflation | Is One Reading Enough to Save Gold and Cryptocurrencies?
After the U.S. jobs report came in stronger than expected, and comments from the Fed supported a rate hike in December, today brings the most important test for gold, the dollar, and cryptocurrencies: U.S. CPI data.
📊 Expected figures:
🔘 Headline monthly inflation: 0.3% | Previous: 0.6%.
🔘 Core monthly inflation: 0.2% | Previous: 0.3%.
⚠️ Important surprise:
The usual annual rates for headline and core inflation will not be released because of missing data for October of last year.
🔥 Why is this news so important?
Because Fed member Christopher Waller announced his support for a 25-basis-point rate hike in December, even if inflation improves.
He warned that core inflation reaching 0.3% or higher could warrant considering a larger, 50-basis-point hike.
💡 The most important point:
If core inflation comes in at 0.3% instead of the expected 0.2%, concerns about continued price increases may grow, even if the headline figure improves.
A slowdown in both readings, however, could ease expectations of a rate hike.
🎯 Bottom line:
The difference between 0.2% and 0.3% may seem small, but it could change rate expectations and movements in the dollar, gold, and cryptocurrencies.
⏰ The data is due at 3:30 p.m. Egypt time.
#الذهب #التضخم_الأمريكي #الفيدرالي #اخبارالعملات
$AAPLB
$BTC
$SPCXB
After the U.S. jobs report came in stronger than expected, and comments from the Fed supported a rate hike in December, today brings the most important test for gold, the dollar, and cryptocurrencies: U.S. CPI data.
📊 Expected figures:
🔘 Headline monthly inflation: 0.3% | Previous: 0.6%.
🔘 Core monthly inflation: 0.2% | Previous: 0.3%.
⚠️ Important surprise:
The usual annual rates for headline and core inflation will not be released because of missing data for October of last year.
🔥 Why is this news so important?
Because Fed member Christopher Waller announced his support for a 25-basis-point rate hike in December, even if inflation improves.
He warned that core inflation reaching 0.3% or higher could warrant considering a larger, 50-basis-point hike.
💡 The most important point:
If core inflation comes in at 0.3% instead of the expected 0.2%, concerns about continued price increases may grow, even if the headline figure improves.
A slowdown in both readings, however, could ease expectations of a rate hike.
🎯 Bottom line:
The difference between 0.2% and 0.3% may seem small, but it could change rate expectations and movements in the dollar, gold, and cryptocurrencies.
⏰ The data is due at 3:30 p.m. Egypt time.
#الذهب #التضخم_الأمريكي #الفيدرالي #اخبارالعملات
$AAPLB
$BTC
$SPCXB