US CPI YoY (January): 3% (Forecast 2.9%, Previous 2.9%)
- US CPI MoM: 0.5% (Forecast 0.3%, Previous 0.4%)
US Core CPI YoY: 3.3% (Forecast 3.1%, Previous 3.2%)
- US Core CPI MoM: 0.4% (Forecast 0.3%, Previous 0.2%)
Both headline and core CPI reading point to the higher than expected price pressure across the US economy. US dollar gains again despite Donald Trump remarks indicating that US interest rates should be lowered - just moment before today CPI reading. Markets price in less Fed easing this year after the CPI report; USDIDX gains, EURUSD and US500 are down.
Source: xStation5
Source: XTB Research, Bloomberg Finance L.P.
Source: XTB Research, Bloomberg Finance L.P.
Source: XTB Research, Bloomberg Finance L.P.
Source: XTB Research, Bloomberg Finance L.P. US Bureau of Labor Statistics (BLS)
Source: XTB Research, Bloomberg Finance L.P.
Source: XTB Research, Bloomberg Finance L.P.
Daily summary: Gold retreats 3% as US dollar rebounds after hawkish Warsh speech in Jackson Hole
🚩 EURUSD loses 0.3%
🗽 Fed chair, Kevin Warsh speech from Jackson Hole
Economic Calendar: All eyes on Kevin Warsh! Will Fed Chair protect his credibility?