US July Inflation Below Expectations: Annual Rate Falls to 3.4%

In the United States, the consumer price index (CPI) rose by 0.1% on a monthly basis in July, contrary to market expectations of a monthly decline. On an annual basis, inflation eased to 3.4%, significantly below economists' forecast of a 3.8% increase. The released data indicates that inflation continues to cool, which could alleviate pressure on the central bank's monetary policy. This notable decline in annual inflation is seen as a positive signal for price stability. The 0.1% monthly increase reflects a moderate trend in the overall price level, despite fluctuations in energy and food prices. Following this data, markets may reassess their expectations regarding interest rates. Experts note that this slowdown in inflation could support consumer spending and contribute to economic growth. However, factors such as global commodity prices and geopolitical risks could exert upward pressure on inflation in the coming period. This is not investment advice.

📊 SPX — Piyasa Yorumu

▲ up · 60%

Inflation coming in below expectations could increase the likelihood of a Fed rate cut and support risk appetite. However, the SPX's RSI is in neutral territory and the price is just below the SMA20, suggesting that upside may be limited. The MACD remains below the signal line, indicating weak short-term momentum. Despite the positive news, the current technical outlook warrants cautious optimism.

RSI 14

49.1

MACD

7.31

24h Δ

0.12%

📊 NDX — Piyasa Yorumu

▲ up · 60%

Inflation coming in below expectations could reinforce market expectations that the Fed is nearing the end of its rate hike cycle and support risk appetite. Technically, the NDX is above its 50-day moving average, and the RSI is in neutral territory, indicating room for upside movement. Although the MACD is below the signal line, the inflation news could create buying pressure in the short term. However, a close just below the 20-day average suggests potential resistance. Therefore, the rally is expected to be limited and cautious.

RSI 14

49.6

MACD

26.51

24h Δ

0.29%

📊 DXY — Piyasa Yorumu

▼ down · 65%

Inflation coming in below expectations could strengthen the view that the Fed is nearing the end of its rate hike cycle, potentially weighing on the dollar. Technically, the RSI is near oversold territory at 31, but the price is below both the SMA20 and SMA50, with the MACD in negative territory, suggesting that short-term weakness may persist. Combining the news flow and technical outlook, the DXY appears more likely to move lower in the near term. However, given oversold conditions, the downside may be limited.

RSI 14

31.0

MACD

-0.00

24h Δ

-0.08%

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