Live Coverage: CPI inflation falls, Gold, stocks rise, US Dollar falls ahead of Fed dot plot
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CLAIM OFFERUS Core CPI comes out at 0.2%, below 0.3% expected. All other inflation figures miss estimates. The US Dollar and yields are down, while Gold and stocks rise ahead of the Fed dot plot. Follow all the developments in the live coverage
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Why CPI inflation matters for markets
CPI is the first "hard data" inflation report, showing how prices developed in the previous months. While there are earlier signs of inflation, these are surveys. Moreover, the report tends to include surprises rocking markets.
The Federal Reserve (Fed) has two mandates: full employment – the Nonfarm Payrolls (NFP) serves as evidence for that – and price stability. 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.
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US Core CPI comes out at 0.2%, below 0.3% expected. All other inflation figures miss estimates. The US Dollar and yields are down, while Gold and stocks rise ahead of the Fed dot plot. Follow all the developments in the live coverage
FXStreet Premium allows subscribers to participate in the coverage and ask analysts questions live.
Why CPI inflation matters for markets
CPI is the first "hard data" inflation report, showing how prices developed in the previous months. While there are earlier signs of inflation, these are surveys. Moreover, the report tends to include surprises rocking markets.
The Federal Reserve (Fed) has two mandates: full employment – the Nonfarm Payrolls (NFP) serves as evidence for that – and price stability. 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.
Live financial market coverage
FXStreet covers major economic releases in a live blog format, to provide readers an instant verdict of the data, rapid analysis of key assets, and for Premium members, the abilty to ask our experts questions in real time.
FXStreet Premium
FXStreet Premium provides subscribers access to analysts, exclusive actionable analysis, signals, Ed Ponsi's webinars, trade plans and a bullish/bearish indicator for Gold on critical events. Join FXStreet Premium here.
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