We are waiting today, at 3: 30 pm Egypt time, for the US inflation decision represented by the Consumer Price Index, which is the most important news this week.
We expect that if it comes as the forecast is on the rise, it could strengthen the US dollar's gains and gold's decline again, because the likelihood of a rate cut by the markets in March will fade and it is possible that this reduction will be postponed to the second half of this year or the end of the year.
But if the data rises at a faster pace than expected this month and there is another increase next month, especially with the geopolitical tensions in the Red Sea, which consequently affects global commodity supply chains and rising inflation globally, it is possible that the Fed will retreat from its decisions of the last meeting, and cancel the idea of cutting interest from the basis this year with the possibility of tightening again, especially with more than one Fed member talking about the possibility of returning to raise interest again, as jobs and unemployment are in a good position and he is still hearing about it.
As for if inflation decreases today, then it is possible to see declines for the US dollar and some rises for gold and indices due to strengthening expectations of a possible interest rate cut soon , which is expected to be
