
US headline CPI rose 0.4% month-on-month and core CPI rose 0.3%, both above expectations, with the three-month annualised core rate at 3.7%. Fed Governor Waller had set a threshold that the data met, prompting expectations of a larger rate hike at the December FOMC meeting.
Stronger inflation and expectations of tighter Fed policy lift the dollar and bond yields, which tends to pressure dollar-denominated commodity prices and strengthen the currency of importing countries' buyers.
After 2,356 past bullish macro events, US Dollar (Broad) moved a median +0.2% over 5 sessions (60% higher; middle half -0.3% to +0.7%), and +0.4% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.