
U.S. headline CPI rose 0.4% in October, above the 0.3% forecast, while core CPI increased 0.3%, also exceeding expectations. The data lifted expectations of a December Fed rate hike and strengthened the U.S. dollar; gold and major U.S. equity indexes fell.
Higher expected U.S. interest rates and a stronger dollar can weigh on dollar-priced commodities by raising financing costs and making them more expensive to non-U.S. buyers.
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.