Gold and Silver Prices Slide as Dollar Strength and Easing Tensions Weigh on Metals 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
FxWirePro: Daily Commodity Tracker - 21st March, 2022 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
The United States consumer inflation for December is expected to be released on Wednesday at 13:30 GMT. Markets expect a 0.2 percent rise in the December CPI, coming back above the Fed’s target. Core (ex-food & energy) CPI inflation, of course, has been above the Fed’s target for more than a year.
The 75 percent drop in oil prices between mid-2014 and January-2016 pushed headline inflation below zero at one point and even as recently as July of last year it was still running at a lowly 0.9 percent.
Because once oil prices stabilised, headline inflation would come roaring back to meet the core. That’s now happening. West Texas crude prices ran sideways from April to November 2016 at $43/bbl and since then they’ve risen by another $9/bbl to $52-and-change, reported DBS Group Research.
From that lowly 0.9 percent y/y in July 2016, it rose 1.1 percent in August, 1.5 percent in September and 1.7 percent in November. Markets expect it will hit 2.1 percent today, a 4-tick jump in a single month. And all it took was for oil prices to stop falling, they added.
