# European markets watch Fed decision, U.S. inflation data

> European stocks closed higher after U.S. consumer inflation came in slightly below expectations, with the Stoxx 600 up 1.15% and tech stocks leading gains. The euro and sterling strengthened against the dollar, and the Federal Reserve's policy decision was due later the same day. U.K. growth was flat in April.

- Date: 2024-06-12 · published 2024-06-12T12:00:00.000Z
- Category: macro · region Europe · magnitude low
- Page: https://feedsoft.ai/events/10800-european-markets-watch-fed-decision-u-s-inflation-data
- Commodities: [Euro (USD per EUR)](https://feedsoft.ai/c/EURUSD.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A softer U.S. inflation print raised expectations for Fed easing, which tends to weaken the dollar and support dollar-priced commodities. The effect on feed input costs is modest unless it persists.

## Read by commodity

- DXY: bearish ▼
- EURUSD: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| EURUSD | 2024-06-12 | 1 | +1.0% | 3.3 | Reports of the soft US inflation print on June 12 describe the euro strengthening against the dollar, which confirms the same-day rally mechanism. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| EURUSD | 2023-06-15 | [European markets live updates: ECB rate decision, Fed rate decision](https://feedsoft.ai/events/35701-european-markets-live-updates-ecb-rate-decision-fed-rate-decision.md) | +0.9% | +3.5% |
| EURUSD | 2023-11-14 | [Wall St, European stocks fly on soft U.S. inflation data \| Reuters](https://feedsoft.ai/events/10106-wall-st-european-stocks-fly-on-soft-u-s-inflation-data-reuters.md) | +2.3% | +0.8% |
| EURUSD | 2022-12-14 | [EUR/USD Turns to the Fed & the ECB, After Tuesday’s Jump on Softer US CPI Inflation \| FXCM Markets](https://feedsoft.ai/events/38442-eur-usd-turns-to-the-fed-and-the-ecb-after-tuesday-s-jump-on-softer-us-cpi.md) | +0.0% | +1.8% |
| EURUSD | 2025-09-11 | [European markets on Thurs Sept.11: Stoxx 600, FTSE, DAX, ECB update](https://feedsoft.ai/events/23098-european-markets-on-thurs-sept-11-stoxx-600-ftse-dax-ecb-update.md) | +1.1% | -0.9% |
| EURUSD | 2017-09-07 | [European markets buoyed by ECB inaction; all eyes on Draghi \| AP News](https://feedsoft.ai/events/69159-european-markets-buoyed-by-ecb-inaction-all-eyes-on-draghi-ap-news.md) | -0.4% | -1.5% |
| DXY | 2023-11-14 | [Wall St, European stocks fly on soft U.S. inflation data \| Reuters](https://feedsoft.ai/events/10106-wall-st-european-stocks-fly-on-soft-u-s-inflation-data-reuters.md) | -1.8% | -1.4% |
| DXY | 2025-09-30 | [FX Today: Focus shifts to inflation in Europe and US ADP, ISM data](https://feedsoft.ai/events/23083-fx-today-focus-shifts-to-inflation-in-europe-and-us-adp-ism-data.md) | +0.1% | +0.4% |
| DXY | 2019-03-22 | [Confusion Hits Markets Over Fed’s No Rate Hike Decision](https://feedsoft.ai/events/60267-confusion-hits-markets-over-fed-s-no-rate-hike-decision.md) | +1.0% | +0.5% |

## Sources

- cnbc.com: https://www.cnbc.com/2024/06/12/european-markets-watch-fed-decision-us-inflation-data.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.