There had been a lot of questions and much anticipation around | FXTM Forex Market News

There had been a lot of questions and much anticipation around US CPI and today’s release didn’t disappoint with the 4.2% headline and 3% core numbers coming in way above estimates of 3.6% and 2.3% respectively. That is the biggest headline number since 2008 and core print month-on-month since 1995. The index for used cars and trucks rose a whopping 10% in April, which accounted for over a third of the seasonally adjusted increase and was the largest one-month increase since records began in 1953! Markets have reacted accordingly with Nasdaq futures down 1.5%, the dollar higher and gold... Read More (https://www.forextime.com/market-analysis/us-inflation-fuels-policy-debate)