
October U.S. CPI rose 0.4% month over month and core CPI rose 0.3%, both above forecasts. Hawkish remarks from Fed Governor Christopher Waller and the inflation data raised expectations of a December rate increase, while Treasury yields climbed and gold fell.
Higher rate expectations and yields support the dollar and increase the opportunity cost of holding commodities, creating broader headwinds for dollar-priced markets.
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.