# FX Daily: US and eurozone inflation may endorse market pricing | articles | ING THINK

> ING expects the US January core PCE price index to rise 0.4% month-on-month, after fourth-quarter GDP growth was revised to 3.2% annualised. The Fed Funds futures curve was pricing about 80bp of easing for 2024.

- Date: 2024-02-29 · published 2024-02-29T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/31880-fx-daily-us-and-eurozone-inflation-may-endorse-market-pricing-articles-ing-think
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A hotter inflation print would push back Fed rate-cut bets and support the dollar, which typically pressures dollar-denominated grain and oilseed prices and tightens feed import costs for non-US buyers.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2020-03-13 | [FX daily: Dislocation, dislocation, dislocation \| articles \| ING THINK](https://feedsoft.ai/events/6276-fx-daily-dislocation-dislocation-dislocation-articles-ing-think.md) | +3.8% | +1.6% |
| DXY | 2022-12-16 | [FX Daily: ECB slams brakes on growth and the euro \| articles \| ING THINK](https://feedsoft.ai/events/38436-fx-daily-ecb-slams-brakes-on-growth-and-the-euro-articles-ing-think.md) | -0.3% | -2.7% |
| DXY | 2023-03-15 | [FX Markets: Pressure switches to Europe \| articles \| ING THINK](https://feedsoft.ai/events/10079-fx-markets-pressure-switches-to-europe-articles-ing-think.md) | -0.1% | -1.2% |
| DXY | 2024-02-05 | [FX Daily: Flip Flop \| articles \| ING THINK](https://feedsoft.ai/events/31892-fx-daily-flip-flop-articles-ing-think.md) | +0.1% | -0.0% |
| DXY | 2024-05-29 | [FX Daily: Australian inflation weighs on risk assets \| articles \| ING THINK](https://feedsoft.ai/events/30530-fx-daily-australian-inflation-weighs-on-risk-assets-articles-ing-think.md) | +1.1% | +2.3% |

## Sources

- think.ing.com: https://think.ing.com/articles/fx-daily-inflation-in-us-and-eurozone-may-endorse-market-pricing/

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