Is inflation beaten or only temporarily suppressed? Markets are already worried about Trump's tariffs, and a potentially hot inflation report may add to fears. Join FXStreet Premiumto ask analysts questions live, leverage actionable analysis and get Gold and signal alerts. CPI inflation comes after a market hangover The decisive nature of the US elections sent markets rallying – but that was a week ago.
Another upside move would cause more worries. Core CPI MoM is the most important figure for markets and the Federal Reserve . The economic calendar points to an increase of 0.3% in October, repeating last month's rise. Meeting these expectations or beating them would buoy the US Dollar, while further weighing on Gold and Stocks. A 0.2% outcome or lower would trigger profit-taking in the Greenback, while shoring up the precious metal and equities.