What To Expect From Thursday's Report On US Inflation | Crypto Craft

  • What To Expect From Thursday's Report On US Inflation

    From investopedia.com

    The Federal Reserve's preferred measure of inflation likely surged in May, putting the central bank's determination to keep prices stable to the test. Forecasters expect Thursday's Personal Consumption Expenditures price index to show inflation rose 4.1% over 12 months ending in May, according to a survey of economists by Dow Jones Newswires and The Wall Street Journal. 1 That would be up from a 3.8% in April and the highest since 2023. 2 The uptick would largely reflect rising gasoline prices due to the war in Iran that month, which have since begun to decline following the signing of a peace agreement. However, ... (full story)

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Tanisha.fx
2 hr 34 min ago
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USD:
A stronger-than-expected print will support USD strength by reinforcing higher-for-longer Fed policy. A weaker print will weigh on the dollar.

Gold (XAU/USD):
Stronger inflation data typically pressures gold lower (via stronger USD and higher yields). Weaker data is supportive for gold. High volatility expected post-release. Focus on deviation from consensus.
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jekol
2 hr 26 min ago
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selll sell sell
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Tanisha.fx
2 hr 19 min ago
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are you sure?

In my opinion you should wait for the data and then decide weather to buy or sell
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notnovice
1 hr 57 min ago
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Better wait ---Prices at temporary peaks n bottoms ---
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Tohher
2 hr 30 min ago
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Expect japanese MoF intervention just after the print.
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Trader#0732
1 hr 56 min ago
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Why?
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Jerryzard07
1 hr 47 min ago
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gold has been waiting on this for direction. will break current range for sure
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Trader#5CC2
1 hr 43 min ago
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BUY
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