US CPI for June came in 3% YoY vs 3.1% exp. and 3.3% previously (-0.1% MoM vs 0.1% exp. and 0% previously)
US Core CPI for June came in 3.3% YoY vs 3.4% exp. and 3.4% previously (0.1% MoM vs 0.2% exp. and 0.2% previously)
- US June CPI food inflation came in 0.2%, also housing inflation was 0.2% higher, while rent was up 0.3% MoM
US jobless claims came in 222k vs 235k exp. and 238k previously (1.852M continued jobless claims vs 1,86M exp. and 1.858M previously)
After the data released, Fed fund futures traders bet more on September rate cuts in US economy. Wall Street indices are higher. Markets price in 85% chance of a September Fed rate cut after CPI (vs about 70% before).
Source: xStation5
Source: BLS, Macrobond, XTB Research
Daily summary: Wall Street rebounds after the sell-off ๐ผ US dollar strengthens on solid NFP data, oil prices fall
BREAKING: US NFP much stronger than expected ๐ US Dollar and treasuries yields surge
EURUSD loses ground ahead of NFP
BREAKING: BoE raises interest rates by 25pbs to 4%โฐ