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🚀 PRECIOUS METALS | U.S. Inflation and Fed Rate Cut Expectations Impact Gold Prices On April 13, Jin10 reported that a research note from CITIC Securities highlighted the significant rise in U.S. overall inflation for March, driven by soaring oil prices, while core inflation remained moderate. According to Jin10, CITIC Securities anticipates minimal risk of secondary inflation in the U.S. and suggests that April's CPI may continue to show elevated growth due to compensatory increases in rental inflation. If oil prices decline slowly, U.S. CPI could remain above 3% year-on-year for the rest of the year. CITIC Securities also forecasts a 25 basis point rate cut by the Federal Reserve within the year, which may lead to a weaker U.S. dollar in the near term. This scenario could create liquidity-driven recovery opportunities for gold prices. Additionally, U.S. equities might benefit from improved risk appetite, while U.S. Treasury yields may lack sufficient downward momentum due to economic fundamentals. #PreciousMetals#USInflation#FedRateCut#GoldPrices#CITICSecurities#OilPrices#CoreInflation#CPI#USDollar#USEquities#USTreasuryYields

🚀 Annex Wealth Management Economist Discusses Impact of Rising Gasoline Prices on CPI Annex Wealth Management's Chief Economist, Brian Jacobsen, commented on April 10 that while he anticipated a rise in overall CPI due to increasing gasoline prices, the actual data was surprising. According to Jin10, Jacobsen noted that there is currently no evidence of high energy prices affecting core inflation. He explained that this process might take time to manifest, as businesses are likely to absorb most of the initial impact. In a way, consumers cutting back on other discretionary spending could potentially lower core inflation rather than increase it. #AnnexWealthManagement#Economist#GasolinePrices#CPI#CoreInflation#EnergyPrices#InflationImpact#DiscretionarySpending

🚀 Core Inflation Data Falls Short of Expectations Amid Iran Conflict On April 10, Jin10 reported that March's core inflation data, excluding the significant rise in energy prices due to the Iran conflict, fell below expectations. According to Jin10, Omair Sharif from Inflation Insights noted that this positive trend might not last. Sharif explained that the core price increase was suppressed by declines in two categories: legal services and medical goods, which are unlikely to remain at their current low levels in the coming months. Additionally, airfare prices rose by 2.7% last month and may accelerate further. He stated, “Aside from gasoline, today's data largely does not reflect the impact of the Iran conflict, so I expect core inflation readings to strengthen in the coming months.” #CoreInflation#IranConflict#InflationData#EnergyPrices#LegalServices#MedicalGoods#AirfarePrices#OmairSharif#EconomicTrends#InflationInsights

🚀 Expert Analysis: Core CPI Data Indicates Slow Stabilization of Underlying Inflation Market analyst Chris Anstey has evaluated the recent Consumer Price Index (CPI) data, noting that while the overall figures align with expectations, the core data remains crucial. According to Jin10, Anstey emphasizes that the core CPI data suggests underlying inflation may be stabilizing at a slower pace. This insight highlights the importance of monitoring core inflation trends to understand broader economic conditions. #CPI#CoreInflation#InflationTrends#EconomicAnalysis#MarketAnalysis#UnderlyingInflation

🚀 Analyst Predicts US Dollar Support Amid Potential Inflation Rise ING analyst Francesco Pesole suggests that the US dollar could receive support if the March US Consumer Price Index (CPI) indicates a notable acceleration in inflation. According to NS3.AI, Pesole attributes the potential rise in inflation to increasing energy prices associated with the Iran conflict. He also notes that the Federal Reserve will be monitoring for secondary effects on core inflation in the upcoming months. #USDollar#Inflation#CPI#FederalReserve#EnergyPrices#IranConflict#CoreInflation#FrancescoPesole#NS3AI

🚀 Goldman Sachs Predicts Singapore's Monetary Policy Tightening Goldman Sachs has released a report suggesting that the Monetary Authority of Singapore (MAS) may implement a 'moderate' monetary policy tightening this month. According to Jin10, the report emphasizes that MAS's primary goal is to stabilize core inflation. Given the upward risks to the core inflation outlook, a tighter monetary policy stance is deemed necessary. However, Goldman Sachs also notes that oil shocks typically exacerbate stagflation risks, and the duration of Middle Eastern conflicts remains highly uncertain. Goldman Sachs forecasts that MAS will increase the slope of the Singapore dollar's nominal effective exchange rate policy band by 50 basis points, while maintaining the width and level of the band unchanged. The Monetary Authority of Singapore is scheduled to release its monetary policy statement this Tuesday. #GoldmanSachs#Singapore#MAS#MonetaryPolicy#Inflation#CoreInflation#PolicyTightening#CentralBank#ExchangeRate#Macroeconomics#Economy#Stagflation#InterestRates#GlobalEconomy

🚀 Mexico's Inflation Accelerates in March Amid Rising Global Energy Costs Mexico's inflation rate accelerated in March due to the impact of the Iranian conflict on global energy costs. According to Jin10, the country's statistics bureau reported that consumer prices rose by 4.59% year-on-year in March, slightly below analysts' median forecast of 4.64% but higher than February's rate of 4.02%. Core inflation, which excludes volatile food and fuel prices and is closely monitored by the central bank, slowed to 4.45% from February's 4.50%, also below the analysts' median forecast of 4.47%. In March, the largest price increases were seen in tomatoes, airline tickets, and prices at snack bars, restaurants, tortilla shops, and taco stands, while internet phone TV packages, eggs, and pork saw the largest declines. Despite the rising price pressures, the central bank expressed concerns about economic weakness. Although the Iranian conflict has led to a surge in crude oil prices, exacerbating inflationary pressures, Mexico's central bank views the conflict as posing a downside risk to the local economy. #Mexico#Inflation#EnergyCosts#IranConflict#CentralBank#ConsumerPrices#CoreInflation#Economy