The widely watched US CPI inflation for April has just been released. The data came in above expectations as the headline inflation rose to 5% YoY in May vs expected 4.7% YoY. That is a rapid increase compared to 4.2% YoY print last month. The Core CPI figure came in above the consensus estimate as well as it amounted to 3.8% YoY (vs exp. 3.4% YoY).
US100, which may be seen as the most sensitive to US inflation fears, fell slightly after the CPI data release. Source: xStation5
EURUSD pair fell after today's data releases however sellers failed to break below support level at 1.2150 Source:xStation5
Economic calendar: Final Eurozone CPI data and U.S. jobless claims
Morning wrap🗽 Indices and precious metals recover losses following the Fed decision (17.09.2026)
📊Daily Summary - Hawkish Fed raises rates and signals more. Dollar gains while gold falls
Hawkish move from the Fed! Warsh takes no prisoners in the fight against inflation. US500 at its lowest since August 3, and gold already below $4,300.