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US consumer prices recorded their largest annual increase in 40 years, with inflation becoming widespread across categories. The result fueled speculation in financial markets about a 50-basis-point Fed hike, and stocks fell while the dollar rose.
A sharp inflation print raises the odds of faster Fed tightening, which lifts the dollar and can weigh on dollar-denominated commodity prices. Higher input costs for energy and transport also feed through to feed production costs.
reuters.comLucia MutikaniFeb 10, 2022After 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.
