# Dollar in holding pattern, inflation data provides little clarity on rates | Reuters

> A US Labor Department report showed annual consumer price growth fell below 5% in April for the first time in two years. A core inflation measure also eased, which may let the Fed pause rate hikes, though inflation remains above target.

- Date: 2023-05-10 · published 2023-05-10T12:00:00.000Z
- Category: report · region US · magnitude low
- Page: https://feedsoft.ai/events/36142-dollar-in-holding-pattern-inflation-data-provides-little-clarity-on-rates
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Cooler inflation supports expectations of a Fed pause, which can ease dollar strength and support dollar-denominated commodity prices. The effect on grain and feed prices is limited because the signal is mixed.

## Read by commodity

- DXY: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2023-10-11 | [Dollar steady on underlying moderate PPI data, dovish Fed officials](https://feedsoft.ai/events/33532-dollar-steady-on-underlying-moderate-ppi-data-dovish-fed-officials.md) | +0.2% | -0.7% |
| DXY | 2024-01-05 | [Canada's jobs growth stalls in December as wages accelerate \| Reuters](https://feedsoft.ai/events/32339-canada-s-jobs-growth-stalls-in-december-as-wages-accelerate-reuters.md) | +0.2% | +1.1% |
| DXY | 2025-09-27 | [As the US Dollar weakens, the British Pound rises, reversing its recent decline against it - VT Markets](https://feedsoft.ai/events/23148-as-the-us-dollar-weakens-the-british-pound-rises-reversing-its-recent-decline.md) | -0.3% | +0.3% |
| DXY | 2019-02-21 | [FOMC members want plan to end balance sheet reduction, minutes show - Central Banking](https://feedsoft.ai/events/60509-fomc-members-want-plan-to-end-balance-sheet-reduction-minutes-show-central.md) | -0.5% | -0.4% |
| DXY | 2024-09-24 | [Rupiah Rises Following Weak US PMI Report and Fed Speculation](https://feedsoft.ai/events/28626-rupiah-rises-following-weak-us-pmi-report-and-fed-speculation.md) | -0.1% | +2.5% |

## Sources

- reuters.com: https://www.reuters.com/markets/currencies/dollar-softer-us-debt-ceiling-crisis-unresolved-inflation-data-eyed-2023-05-10/

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