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An IG analysis says US inflation has moved well above the Fed's 2% target, with PCE inflation at 5% year on year in October. It argues that persistent inflation has removed the case for calling price pressures transitory and supports tighter policy.
Persistent inflation and a tightening Fed generally support a stronger dollar, which can pressure dollar-denominated feed commodity prices.
ig.comShaun MurisonDec 7, 2021After 2,356 past bullish macro events, DXY 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.
