-11122024742.png)
-11122024742.png)
US Inflation: Without Notable Decline
US consumer prices rose by 0.1% m/m (weaker than expected 0.0%). Annual inflation slowed from 3.2% to 3.1%. Core (excluding food and energy) rose 0.3% m/m, maintaining its annual growth rate of 4.0%.
Overall inflation has stabilised at levels above 3% y/y since June, with no meaningful downward progress. The nominal CPI has added over 1.4% in the meantime.
The core index stabilised at twice the target. Monthly growth rates for the last six months also show no signs of slowing down.
Strictly speaking, with this data, the Fed has no reason to sing a victory song over inflation on Wednesday night. This is moderately positive data for the US dollar, justifying the Fed’s ‘rates higher for longer’ motto. Nevertheless, the markets seem to have saved the main reaction for the FOMC outcome on Wednesday evening, as in the end, it is not so much the data that matters but the central bank’s interpretation of it.
By the FxPro Analyst Team
US 500, USDJPY, GBPUSD
The crypto market quickly recovered from the shock
Dollar softens amidst cautious risk-on reaction
Gold hits record highs as risk aversion dominates the market
Gold Shines, Oil Steadies Amid Tensions | 13th June, 2025
ATFX Economic Calendar- 2025.06.16~2025.06.20
EBC Markets Briefing | Yen dropped on Middle East escalation
