Core US inflation comes in softer than expectations. Suggests broadening out of price increases is decreasing.
Also suggests that sell-side got ahead of themselves. But still bond yields will reverse. Risk will rally #USD.
Customer Price Index ex Food and Energy (MoM) (YoY) (Mar)
Hi Guys, Annual inflation is expected to reach 8.4% in March.
The US administration has warned that there is going to be significant growth in today's inflation report and that markets need to be ready.
U.S. Mar. Core CPI (MoM): 0.3%, [Est. 0.5%, Prev. 0.5%]
U.S. Mar. Core CPI (YoY): 6.5%, [Est. 6.6%, Prev. 6.4%]
U.S. Mar. CPI (MoM): 1.2%, [Est. 1.2%, Prev. 0.8%]
U.S. Mar. CPI (YoY): 8.5% , [Est. 8.4%, Prev. 7.9%]
#USD #Gold
