U.S. November inflation fell slightly short of expectations, sparking an early attempt at a rebound in oil prices, pushing U.S. oil futures below $70 a barrel and erasing gains made late last week and yesterday. CPI rose 0.1% m/m, higher than expectations of 0%. Mizuho Bank's Robert Yawger said: "The CPI report lowered expectations for an early rate cut by the Fed, which in part means that the economy will have a hard landing... Demand is more likely to be undermined. He added that the market is waiting for the EIA to release its short-term energy outlook, which could also have some impact.

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
0/400
No comments
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)