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%.
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