The US dollar short-term plummeted, and gold quickly surged. A fragmented inflation report cast a shockwave on the financial markets at the end of the year. On the evening of December 18th, in the East 8th time zone, the U.S. Bureau of Labor Statistics released data showing that the U.S. November unadjusted CPI year-over-year was 2.7%, well below the market expectation of 3.1%. Equally surprising was that the unadjusted core CPI year-over-year was only 2.6%, not only below the expected 3% but also the lowest level since March 2021. Due to the government shutdown earlier, this inflation report lacked October data and was described by analysts as “full of noise.” The market reacted quickly, with the dollar index dropping 22 points in the short term, while spot gold rose 16 dollars in the short term.
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#美联储降息预测
The US dollar short-term plummeted, and gold quickly surged. A fragmented inflation report cast a shockwave on the financial markets at the end of the year. On the evening of December 18th, in the East 8th time zone, the U.S. Bureau of Labor Statistics released data showing that the U.S. November unadjusted CPI year-over-year was 2.7%, well below the market expectation of 3.1%. Equally surprising was that the unadjusted core CPI year-over-year was only 2.6%, not only below the expected 3% but also the lowest level since March 2021. Due to the government shutdown earlier, this inflation report lacked October data and was described by analysts as “full of noise.” The market reacted quickly, with the dollar index dropping 22 points in the short term, while spot gold rose 16 dollars in the short term.