© Reuters.
Investing.com – The US inflation data that markets have been anticipating for days is now out, with most rates missing experts’ expectations.
Core CPI (excluding food and energy) slowed in June, coming in lower than expected on a monthly and yearly basis. While the main consumer price index also recorded lower than expected monthly and yearly rates.
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The importance of the data just released is that it is revealing regarding pricing. After inflation rose less than experts’ expectations, the Fed may think again about interest rates at the next meeting, especially since the markets were expecting a 25-point hike, but now it is possible to fix interest after this data, or to abandon another hike in the post-meeting meetings. This month.
And it interacted immediately after the data was released, to consolidate its gains, in conjunction with a strong decline on the other side.
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Inflation data details
Record (excluding food and energy) on an annual basis of 4.8%, while expectations were for it to be recorded by 5%, after it was recorded in May by 5.3%, and it was recorded by 0.2%, while expectations were for a record of 0.3%, after it recorded an increase of 0.4 % In May.
And the index for the month of June recorded 3%, and expectations indicated that it would rise by 3.1%, after recording 4% in the month of May.
As for Ali by 0.2% in June, it was expected to rise by 0.3%, after rising by 0.4% in May data.
Gold and the dollar now
It rose by 0.9% to $1,955 an ounce.
While spot contracts rose by 0.89% to $1950 an ounce.
On the other hand, the dollar index fell by 0.7% to 100,725 points.
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2023-07-12 12:31:00
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