Live Coverage: CPI inflation set to rock Gold, US Dollar stocks ahead of the Fed dot plot

Super Wednesday is here – the Consumer Price Index inflation report is set to show an increase of 0.3% in core CPI and a minor decrease in core CPI YoY to 3.5%. Gold and stock bulls are eager to see softer inflation several hours before the Fed decision and its all-important dot plot. US Dollar bulls need more robust data—live coverage. FXStreet Premium allows subscribers to participate in the coverage and ask analysts questions live.

In a rare occasion, the US releases CPI on the same day as the Fed decides. The focus is on the dot-plot, the bank's projections of growth, employment, inflation, and most importantly interest rates. Investors expect the Fed to project one or two cuts this year, down from three foreseen in the March decision. The Fed dot plot is critical to markets, and it will undergo last-minute changes in response to the CPI inflation report.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Live Coverage: Nonfarm Payrolls promise explosive action in Gold, US Dollar, StocksNonfarm Payrolls have the answer to how cool the US labor market has become, reshaping expectations for interest rates and rocking markets.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Gold Live Coverage: Forex, Indices, Commodities, Futures, Crypto, StocksUS Initial Jobless Claims for the week ending on May 3 surprised with a leap to 231,000, triggering concerns of weakness in the country's labor market and hurting the US Dollar (USD).
Source: FXStreetNews - 🏆 14. / 72 Read more »