US Inflation Report: What Are the Markets Waiting For? Does It Open the Door for a Surprising Move from the Fed?
US inflation data for July is set to be released later on Tuesday, at 12:30 PM GMT, and it has a potentially strong impact on subsequent financial market movements.
The Expected Scenario for the US Inflation Report and Its Potential Impact on the Markets
From the previous summary, it seems that the Consumer Price Index data for July may reflect one of two scenarios:
Scenario One: The growth rate of the Consumer Price Index - inflation rate - may accelerate at a pace exceeding expectations of 2.8% for the overall rate and 3% for the core rate, which could strengthen expectations for maintaining US interest rates at the September meeting, potentially causing violent movements in the markets, including a surge in the dollar at the expense of major currencies and a decline in gold and US stocks.
Scenario Two: There is a possibility that the inflation rate grows at a pace lower than market expectations, which could negatively impact the dollar in favor of rising counterparts among major currencies, and positively affect gold and US stocks.
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