Jump to content

US Inflation Falls to 7.7% from 8.2%. What’s ahead for the Fed and the US Dollar?


Recommended Posts

 

INFLATION DATA KEY POINTS:

  • October U.S. inflation rises 0.4% on a monthly basis and 7.7% compared to one year ago. Analysts were expecting the headline print to clock in at 0.6% m-o-m and 8.0% y-o-y.
  • Core CPI advances 0.3% on a seasonally adjusted basis, bringing the annual rate to 6.3%, two-tenth of a percent below expectations
  • Weakening inflationary pressures may prompt the Fed to slow the pace of interest rate increases

US Inflation Falls to 7.7% from 8.2%. What's ahead for the Fed and the

 

U.S. inflation remained high last month but showed tentative signs of moderation, according to a report released this morning by the Bureau of Labor Statistics, a sign that the Federal Reserve is making some progress in the fight to restore price stability after launching the most aggressive tightening campaign since the 1980s.

The latest batch of data published this morning showed the consumer price index, which measures what Americans pay for a representative basket of goods and services, climbed 0.4% on a seasonally adjusted basis, bringing the annual rate down to 7.7% from 8.2% in September. Economists surveyed by Bloomberg had expected the headline print to clock in at 0.6% month-over-month and 8.0% year-over-year.

OCTOBER INFLATION DATA

 

image1.png

Source: DailyFX Economic Calendar

 

 

Written by Diego Colman, Market Strategist for DailyFX

Link to comment

USD Slammed, Gold and EURUSD Jump After CPI

USD Slammed, Gold and EURUSD Jump After CPI

Nov 10, 2022 | DailyFX
James Stanley, Senior Strategist

USD, GOLD, EUR/USD TALKING POINTS:

  • This morning brought the release of CPI data out of the US for the month of October.
  • The data came in well-below expectations, with Core CPI coming in at 6.3% against an expectation of 6.5% and headline CPI printing at 7.7% versus an 8.2% expectation.
  • This has led to a massive move already, with an instant fall in the US Dollar that helped to push EUR/USD back-above parity. Equities have put in a major move ahead of the US open after falling down to key supports yesterday.

Full article

Link to comment

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • image.png

  • Posts

    • Duplica tu diversión este mayo de 2024 con Stake.com usando el código “Hella200”. Este código promocional te otorga un bono de depósito del 200%, duplicando tu monto de depósito inicial. Esta oferta es perfecta para los jugadores que buscan maximizar su tiempo de juego y sus posibilidades de ganar. Simplemente ingresa el código durante tu proceso de depósito y disfruta de los fondos adicionales al instante. ¡Comienza tu viaje en Stake.com con un impulso usando “Hella200”!
    • Doublez votre plaisir en mai 2024 avec Stake.com en utilisant le code “Hella200”. Ce code promo vous accorde un bonus de dépôt de 200%, doublant ainsi le montant de votre dépôt initial. Cette offre est parfaite pour les joueurs souhaitant maximiser leur temps de jeu et leurs chances de gagner. Il vous suffit d’entrer le code lors de votre processus de dépôt et de profiter instantanément des fonds supplémentaires. Commencez votre aventure sur Stake.com avec un coup de pouce grâce à “Hella200”!
    • Verdopple deinen Spaß im Mai 2024 mit Stake.com, indem du den Code „Hella200“ verwendest. Dieser Promo-Code gewährt dir einen 200% Einzahlungsbonus und verdoppelt damit deinen ursprünglichen Einzahlungsbetrag. Dieses Angebot ist perfekt für Spieler, die ihre Spielzeit und Gewinnchancen maximieren möchten. Gib einfach den Code während des Einzahlungsvorgangs ein und genieße die zusätzlichen Mittel sofort. Beginne deine Stake.com-Reise mit einem Boost durch „Hella200“!
×
×
  • Create New...
us