đšUS Inflation Shock: Core CPI Beats Expectations!
US inflation came in hotter than expected:
Core CPI m/m: 0.3% vs 0.2% forecast
Core CPI y/y: 2.6% vs 2.5% forecast
CPI m/m: 0.6% vs 0.6% forecast
CPI y/y: 3.7% vs 3.6% forecast
Both Core CPI readings exceeded expectations, while annual headline inflation accelerated from 3.4% to 3.7%.
Persistent inflation, partly fueled by elevated energy prices and Middle East tensions, could strengthen expectations of further Fed tightening.
Initial fundamental bias:
âŹïžDXY: Bullish
âŹïžGold: Bearish
âŹïž$BTC : Bearish
However, volatility may remain elevated, and the initial market reaction could reverse as traders reassess Treasury yields and Fed expectations.
#cpi
US inflation came in hotter than expected:
Core CPI m/m: 0.3% vs 0.2% forecast
Core CPI y/y: 2.6% vs 2.5% forecast
CPI m/m: 0.6% vs 0.6% forecast
CPI y/y: 3.7% vs 3.6% forecast
Both Core CPI readings exceeded expectations, while annual headline inflation accelerated from 3.4% to 3.7%.
Persistent inflation, partly fueled by elevated energy prices and Middle East tensions, could strengthen expectations of further Fed tightening.
Initial fundamental bias:
âŹïžDXY: Bullish
âŹïžGold: Bearish
âŹïž$BTC : Bearish
However, volatility may remain elevated, and the initial market reaction could reverse as traders reassess Treasury yields and Fed expectations.
#cpi