U.S. inflation rises 0.4% in October, versus expectations of 0.3%, while core inflation comes in at 0.3%, versus 0.2%. Annual figures were not released due to last year's government shutdown.
• 🔶📉 The core reading meets Waller's condition for a 50-basis-point rate hike in December, sending gold down 2.3% to $4,046, while the dollar index jumps to 102.02 and the 2-year Treasury yield rises to 4.68%.
📊 Impact: Positive for the dollar, negative for gold
#US-IranTalksFuelStrongStockMarketRebound #AnthropicRejectsIPODelayValuationinQuestion #CanNvidiaEarningsEaseMarketConcerns?
• 🔶📉 The core reading meets Waller's condition for a 50-basis-point rate hike in December, sending gold down 2.3% to $4,046, while the dollar index jumps to 102.02 and the 2-year Treasury yield rises to 4.68%.
📊 Impact: Positive for the dollar, negative for gold
#US-IranTalksFuelStrongStockMarketRebound #AnthropicRejectsIPODelayValuationinQuestion #CanNvidiaEarningsEaseMarketConcerns?