US supercore CPI rose 3.13% year-over-year, up from a previous reading of 3.02%.

Market impact

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

USD
Pushes up
DaysMedium confidence
Stronger core inflation reduces odds of near-term Fed rate cuts, supporting the dollar.
US10Y
Pushes up
DaysMedium confidence
Firmer core inflation reduces rate-cut expectations, supporting Treasury yields.
Gold
Pushes down
DaysMedium confidence
Reduced rate-cut odds and higher yields raise the opportunity cost of holding gold.

What could change this

If the pickup proves temporary or other price gauges stay contained, the pressure on Fed policy expectations may not persist.