From Investing.com: 2024-07-09 09:07:00

On Thursday, the U.S. will release a key inflation report, leading to market volatility. Investors anticipate a slowdown in inflation, aligning with Fed Chair Powell’s recent comments on disinflation. Despite expectations for a rate cut, Powell remains cautious until more data is available. Market bets point to a potential rate reduction in September, with DXY weakening in response. Higher-than-expected CPI figures could push DXY up and gold down. Conversely, a softer report could boost gold prices. With dovish expectations already factored in, gold may struggle to surpass $2,420 per ounce.



Read more at Investing.com: Will the Fed Pivot? Key Inflation Data to Decide Rate Cut Path This Week