The market will be closed for the weekend. Here's a brief explanation of the impact of higher CPI data.
First, higher CPI data means greater inflationary pressure.
Second, high inflation expectations may lead the market to anticipate the Federal Reserve will raise interest rates more aggressively or delay rate cuts to combat inflation.
Then, strong expectations of rate hikes or delayed rate cuts will cause the US dollar to strengthen, Treasury yields to rise, and gold prices to come under pressure and fall.
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The market will be closed for the weekend. Here's a brief explanation of the impact of higher CPI data.
First, higher CPI data means greater inflationary pressure.
Second, high inflation expectations may lead the market to anticipate the Federal Reserve will raise interest rates more aggressively or delay rate cuts to combat inflation.
Then, strong expectations of rate hikes or delayed rate cuts will cause the US dollar to strengthen, Treasury yields to rise, and gold prices to come under pressure and fall.