Unsure of what to make of the US CPI data yesterday?

[forex4you]

Unsure of what to make of the US CPI data yesterday?

<p style="" class="text-align-justify">There was plenty of anticipation going into yesterday's US CPI data release yesterday and markets were hoping that it would provide some form of trigger for a trending move. However, that wasn't the case as traders struggled to digest the readings and the details that accompanied the report. Here's a look at how the S&P 500 performed after having opened lower:</p><p style="" class="text-align-justify">Eventually, the index closed more or less flat amid a slight dip at the end. And since then, US futures have been trending lower with S&P 500 futures now down 19 points, or 0.5%, on the day. That is keeping the dollar in a more solid spot, with <a href="https://www.forexlive.com/terms/u/usd-jpy/" class="terms__main-term" id="54ffc0de-9a7c-4a70-9e2e-73d5d9b2bfee" target="_blank">USD/JPY</a> even breaching back above 133.00 in overnight trading.</p><p style="" class="text-align-justify">So, what exactly are traders inferring from the US CPI data yesterday? In the big picture, I would say not much, to be honest. <a href="https://twitter.com/kenzyxvw/status/1625503077804699648" target="_blank" rel="nofollow">Here's</a> my personal thoughts from yesterday following the data release:</p>

                This article was written by Justin Low at www.forexlive.com.

Source: Unsure of what to make of the US CPI data yesterday?

forexlive.com