
U.S. October CPI rose 0.4% month over month, above the 0.3% forecast, while core CPI rose 0.3%, above expectations of 0.2%. The hotter inflation readings lifted Treasury yields and December Fed rate-hike expectations as gold and silver fell.
Higher expected U.S. interest rates can support the dollar and raise financing costs, weighing on dollar-priced commodities. The article reports no direct change to feed supply or demand.
After 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.