U.S. consumer prices rose 0.4% in October, above the 0.3% forecast, and the hotter reading lifted Treasury yields and the dollar. Markets increased the probability of a 50-basis-point Federal Reserve rate hike in December, while spot gold fell nearly 3%.
A stronger dollar can raise the cost of dollar-priced imports for buyers using other currencies, while higher rates may weigh on demand and commodity prices. The dollar strengthened following the data.
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.