# U.S. inflation turning the corner as consumer prices rise below expectations

> U.S. consumer price data came in below expectations, sparking a rally on Wall Street. A moderate rise in weekly jobless claims pointed to a still-tight labor market.

- Date: 2022-11-10 · published 2022-11-10T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/7560-u-s-inflation-turning-the-corner-as-consumer-prices-rise-below-expectations
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Softer inflation eases expectations for further Federal Reserve tightening, which tends to weaken the dollar and support commodity prices priced in dollars.

## Read by commodity

- DXY: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| DXY | 2022-11-14 | 5 | -2.9% | -4.2 | Below-expectation CPI lowered rate-hike expectations and weakened the dollar. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-12-13 | [U.S. dollar tumbles across the board as inflation rise eases](https://feedsoft.ai/events/38150-u-s-dollar-tumbles-across-the-board-as-inflation-rise-eases.md) | -0.2% | -2.1% |
| DXY | 2023-01-11 | [Gold prices surge on expectations for slower Fed rate rises](https://feedsoft.ai/events/37704-gold-prices-surge-on-expectations-for-slower-fed-rate-rises.md) | -1.0% | -0.1% |
| DXY | 2023-04-12 | [Oil rises 2% on lower-than-expected US inflation data \| Reuters](https://feedsoft.ai/events/36559-oil-rises-2-on-lower-than-expected-us-inflation-data-reuters.md) | -0.4% | -0.6% |
| DXY | 2020-02-25 | [U.S. dollar falls as expectations of a Fed rate cut rise \| Financial Post](https://feedsoft.ai/events/54775-u-s-dollar-falls-as-expectations-of-a-fed-rate-cut-rise-financial-post.md) | -0.5% | +7.4% |
| DXY | 2026-01-01 | [Dollar falls versus yen after smaller-than-expected rise in US inflation, euro eases](https://feedsoft.ai/events/21690-dollar-falls-versus-yen-after-smaller-than-expected-rise-in-us-inflation-euro.md) | +0.3% | -1.5% |

## Sources

- reuters.com: https://www.reuters.com/markets/us/us-consumer-prices-increase-less-than-expected-october-2022-11-10/

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