dxy has been weak , and as a result of the cpi data promting a rate cut
The Fed primarily looks at Core CPI y/y
Core CPI m/m (0.3% actual vs 0.3% forecast) → in line with expectations, shows underlying inflation is stable but still above the Fed’s 2% target when annualized.
CPI m/m (0.2% actual vs 0.2% forecast) → also in line, meaning no immediate inflation surprise.
CPI y/y (2.7% actual vs 2.8% forecast) → slightly softer than expected, which can be mildly USD bearish if the market thinks it gives the Fed room to cut rates sooner
The Fed primarily looks at Core CPI y/y
Core CPI m/m (0.3% actual vs 0.3% forecast) → in line with expectations, shows underlying inflation is stable but still above the Fed’s 2% target when annualized.
CPI m/m (0.2% actual vs 0.2% forecast) → also in line, meaning no immediate inflation surprise.
CPI y/y (2.7% actual vs 2.8% forecast) → slightly softer than expected, which can be mildly USD bearish if the market thinks it gives the Fed room to cut rates sooner
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.