Core CPI Miss Sparks Market Euphoria: Nasdaq Breaks 22,000, US Dollar Slides
From Investing.com: 2025-06-11 09:45:00
US Consumer Prices came in weaker than expected, with a month-over-month increase of +0.1% instead of the anticipated +0.3%. Year-over-year figure stands at 2.8%. Another soft reading was seen in retail sales, at 0.1% m/m versus a 0.2% expectation. The market reacted positively to the news, with strong employment and easing price pressures alleviating concerns about stagflation. Charts show potential volatility in reaction to the data, with movements expected. Gold and US Bonds rally on the news, while the US Dollar takes a hit on lower inflation. More cuts are being priced in, with commodities and cryptos also rallying.
Read more at Investing.com: Core CPI Miss Sparks Market Euphoria: Nasdaq Breaks 22,000, US Dollar Slides