© Reuters
Investing.com – Spot contracts lost 0.42% of their value in moments, falling to $1,814.19, minutes after the Fed’s most important inflation data was strongly negative.
And it now records 1821.15, down by 0.31%, and on the other hand, it lost 1.46% of its value, to record $20.997 an ounce now.
On the other hand, the American rose by half a point to record 105.073 against a basket of six foreign currencies.
The US market indices fell strongly in pre-opening trading, to now record the S&P 500 3974 futures contract, down by 1.11%, and the Dow Jones futures fell by 0.98%, losing 325 points against the Nasdaq, which fell by 1.64%.
It fell, topped by the lowest level of $24,000, and is now trading at 23,777, down by a full point, while Ethereum fell by 1.15%, to record $1,637 for the symbol.
Data and fed
The data was shocking, as all previous readings were revised to rise after the revision, while the incoming data was high compared to experts’ expectations. Investors are expected to rate the results negatively as the data will force the Fed to adopt a s.c. approachFear of rebound inflation.
The data is positive for the US dollar and negative for gold and the markets.
Core consumption expenditures price index
It rose by 0.6% on a monthly basis, while experts expected it to rise by 0.4%, after rising by 0.3% in last December’s data.
As for Ali, by 4.7%, while experts expected it to rise by 4.3%, after its rise of 4.4% in the previous reading.
This data is the most important for the Fed in determining the position of inflation in the US economy.>
The core PCE price index rose yoy by 5.4%, after rising by 5.3% in the last reading, after a revision from 5.0%.
On a monthly basis, it rose by 06%, after rising by 0.2% in the previous reading.
income and spending
It rose monthly by 0.6%, while experts expected it to rise by 1.0%.
In front of it, it rose by 1.8%, while experts expected it to rise by 1.3%.
