1:30 PM · 14 August 2024

BREAKING: US CPI reading slightly below expectations 💡

1:30 pm BST - US, CPI inflation report for July

Headline (annual). Actual: 2,9% YoY. Expected: 3.0% YoY. Previous: 3.0% YoY
Headline (monthly). Actual: 0,2% MoM. Expected: 0.2% MoM. Previous: -0.1% MoM
Core (annual). Actual: 3,2% YoY. Expected: 3.2% YoY. Previous: 3.3% YoY
Core (monthly). Actual: 0,2% MoM. Expected: 0.2% MoM. Previous:0.1% MoM

Source: XTB

Despite the initial increases seen on the EURUSD pair, these movements have already been reversed. A slight downward surprise failed to convince investors that inflationary pressures in the US economy are waning.

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