# Volatility spikes after inflation reports | Convera

> US headline CPI rose 0.3% month on month in January against 0.2% expected, and core rose 0.4% against 0.3%. The dollar index jumped to a three-month high as markets pared back bets on Fed rate cuts.

- Date: 2024-02-14 · published 2024-02-14T12:00:00.000Z
- Category: macro · region US · magnitude medium
- Page: https://feedsoft.ai/events/31923-volatility-spikes-after-inflation-reports-convera
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

A stronger dollar makes US commodities more expensive for importers and tends to pressure grain, oilseed and meal futures. It also cuts the odds of an early Fed easing, which keeps financing costs high.

## Read by commodity

- DXY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-04-20 | [Volatility eases but FX still sensitive to rate expectations \| Convera](https://feedsoft.ai/events/36671-volatility-eases-but-fx-still-sensitive-to-rate-expectations-convera.md) | +0.0% | +0.3% |
| DXY | 2024-08-30 | [Gold drops as dollar, yields firm after US inflation report](https://feedsoft.ai/events/28689-gold-drops-as-dollar-yields-firm-after-us-inflation-report.md) | +0.2% | -0.9% |
| DXY | 2024-03-15 | [DXY gains on inflation risks as FOMC looms \| Convera](https://feedsoft.ai/events/31470-dxy-gains-on-inflation-risks-as-fomc-looms-convera.md) | +0.5% | +1.1% |
| DXY | 2024-04-25 | [Dollar sags after mixed US growth and inflation report, except against yen](https://feedsoft.ai/events/30903-dollar-sags-after-mixed-us-growth-and-inflation-report-except-against-yen.md) | +0.1% | -1.1% |
| DXY | 2021-05-12 | [Eurodollar futures price in Fed hike by December 2022 after inflation spike](https://feedsoft.ai/events/47286-eurodollar-futures-price-in-fed-hike-by-december-2022-after-inflation-spike.md) | -0.1% | -0.3% |

## Sources

- convera.com: https://convera.com/blog/market-insights/fx-research/daily-market-updates/volatility-spikes-after-inflation-reports/

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