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CPI gained 0.2% last month: How markets are reacting to the CPI report?
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💡Summary: • The consumer price index (CPI) gained 0.2% last month, the Labor Department said, lifting the annualized rate to 3.2% from 3% i Show More
💡Summary:
• The consumer price index (CPI) gained 0.2% last month, the Labor Department said, lifting the annualized rate to 3.2% from 3% in June.
• Stock indexes rose. The S&P 500, Nasdaq Composite and Dow industrials were each recently up by 0.2% or more.
• The 10-year Treasury yield was up by 1 basis point to 4.02%. The 2-year Treasury yield fell nearly 3 basis points to 4.776%. Yields move opposite of prices, and a basis point is equal to 0.01%.

The CPI report showed that prices rose 3.2% year over year, a tick below the 3.3% forecast by economists. The 0.2% month-over-month change in prices was in line with estimates. Shelter inflation, which is seen by many economists as lagged data that will fall sharply in the coming months, was the biggest contributor to the increase, the Labor Department said.

In July, the Consumer Price Index for All Urban Consumers increased 0.2 percent, seasonally adjusted, and rose 3.2 percent over the last 12 months, not seasonally adjusted. The index for all items less food and energy increased 0.2 percent in July, up 4.7 percent over the year. Global shares and gold rose while the dollar eased on Thursday after a moderate rise in July U.S. consumer price inflation bolstered the view that the Federal Reserve is at the end of its rate hiking cycle.

🎙️Q：
1. How will it impact your trading strategies?
2. Will USD go up or down?

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