Low impact

US September non-seasonally-adjusted energy inflation rose 20.4% y/y, up from 16.3% previously.

Jin1010/14, 07:30 PM

Market impact

Which way this story pushes each asset. An inference from the story, not a measured move.

Gold
Would push down
DaysMedium confidence
Higher inflation reducing easing odds can raise the opportunity cost of holding gold

What could change this

If core inflation stays contained, the energy component alone may not shift the Fed's policy path.