The US inflation report, which was supposed to be announced weeks ago, has now been published after a delay. In the weekly calendar announcement on Sunday, we mentioned that the Ministry of Labor would call some personnel as an exception during the closure process and ensure the publication of a one-time inflation report. The data has arrived.
US Inflation Report
Next Wednesday, the Fed will make new interest rate decision will be announced and the expectation is for a 25bp discount. However, the oil price, which increased by 5% due to Russian sanctions, puts upward pressure on inflation. Moreover, if there is no agreement between China and the USA by November 1 (October 30 Trump-Xi meeting is the last chance), there will be a further increase in commodity prices. The US is predicting 155% tariffs and China will retaliate. Moreover, inflationary pressure will increase as mutual export restrictions will come into effect.
In other words, the impact of customs duties on inflation had to be confirmed today, as confirmed in the PCE data at the end of last month. The announced figures are as follows:
- Sunflower seed CPI Monthly Announced: 0.2% (Expected and Previous: 0.3%)
- Core CPI Announced: 3% (Expected and Previous: 3.1%)
- CPI Monthly Announced: 0.3% (Expected and Previous: 0.4%)
- CPI Announced: 3% (Expected: 3.1% Previous: 2.9%)
Inflation These figures were below expectations cryptocurrencies Very good for. PCE data confirmed and Wednesday’s rate cut finalized. BTC is advancing to 112 thousand dollars.
