News Formal

Live Coverage: CPI inflation set to shake Gold, stocks, US Dollar

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 19 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 72%

CPI News

Inflation

The US Consumer Price Index (CPI) is the No.1 market mover as the Federal Reserve remains focused on battling rising prices.

The US Consumer Price Index is the No.1 market mover as the Federal Reserve remains focused on battling rising prices. Economists expect an increase of 0.2% in core CPI MoM in June, a moderation that would enable rate cuts. Live coverage FXStreet Premiumsubscribers can participate in the coverage, ask analysts questions live, and lots more.

1% read would boost stocks and Gold, while weighing on the US Dollar. A hot 0.3% print would depress the precious metal and equities, lifting the Greenback. A 0.2% outcome is expected, and that would still be a positive development. It would reflect an annualized rise of roughly 2.5%, close to the Fed's 2% target. The YoY figure is still above 3%.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 14. in CA

Canada Canada Latest News, Canada Canada Headlines

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

Live Coverage: Fed dot plot to shake Gold, US Dollar, stocks after soft CPI inflationThe Federal Reserve publishes fresh interest rate forecasts in its dot plot, and markets are set to rock.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Live Coverage: Any change in Core PCE set to shake Gold, US Dollar, stocksCore PCE provides the best estimate of inflation, which is the focus of the Fed.
Source: FXStreetNews - 🏆 14. / 72 Read more »

Live Coverage: Nonfarm Payrolls set to determine next Gold, stocks and US Dollar movesNonfarm Payrolls data are set to show slower hiring in June 2024 – 190,000 vs.
Source: FXStreetNews - 🏆 14. / 72 Read more »