Category: CPI
-
FX Watch: GBP/USD to Extend Its Uptrend After the U.K. CPI Release?
•
In case you missed the latest weekly FX market summary, Uncle Sam’s slightly weaker economic data has traders holding off on a rate hike or even a rate cut from the Fed. Fortunately for USD bulls, Fed members also came out and hinted at a “higher for longer” interest rate…
-
Shekel strengthens ahead of April CPI
•
The shekel is gaining strength today against the US dollar and the euro, and is at its strongest levels against the dollar since early April. In the afternoon interbank session, the shekel was down 0.73% against the dollar at NIS 3.697/$, and down 0.63% against the euro at 4.002/€. On…
-
U.S. CPI data inadvertently revealed 30 minutes ahead of schedule, BLS says
•
Irina Drozd The U.S. Bureau of Labor Statistics mistakenly released consumer inflation data 30 minutes earlier than scheduled on Wednesday, it said earlier this week, an incident that could lead to a broader examination of how the agency distributes important economic data. “Prior to today’s release of the CPI and…
-
U.S. CPI Failed to Impress, Annual Inflation Dipped to 3.4% in April
•
The headline US CPI came in weaker than expected with a 0.3% month-on-month increase in April versus an estimated 0.4% increase. This brought the annual CPI reading down from 3.5% to 3.4% as expected. Meanwhile, core inflation only reached the mark, showing a 0.3% monthly increase in core price pressures.…
-
Asia FX rises as CPI data dents dollar, puts rate cuts in focus By Investing.com
•
Investing.com — Most Asian currencies rose on Thursday after some weak U.S. consumer inflation readings pushed the dollar to a one-month low and saw traders increase their bets on a September interest rate cut. But gains in some regional units were held back by a combination of weak economic data…
-
Yes, April CPI was lower than expected, but “don’t get too carried away”
•
US CPI data was a little better than expected, and it’s a little too late to say don’t get carried away: Forexlive Americas FX News Summary May 15: Greener grass to the fore as CPI/spending tames ING comments on data and market movements: US Treasury yields fell after what was…
-
Asia FX gains some ground as dollar inches lower ahead of CPI data By Investing.com
•
Investing.com — Most Asian currencies rose slightly on Wednesday, retracing some of their gains against the weaker dollar, as markets awaited more signals on interest rates from key US inflation data due later in the day. Traders also became more confident that the Federal Reserve will not raise interest rates…
-
April CPI higher than expected
•
Israel’s consumer price index rose 0.8% in April, higher than economists’ expectations of 0.6%. In the 12 months to the end of April, inflation rose to 2.8% from 2.7% at the end of March, according to figures released by the Central Bureau of Statistics today. Transportation prices rose 3.4% in…
-
Analysts don’t see Powell changing his dovish stance even if CPI surprises By Investing.com
•
Economists at Wolfe Research provided their insights on the Fed’s outlook following comments made by Fed Chair Jerome Powell. Powell maintained his pessimistic stance yesterday, which is in line with his comments the previous month. He pointed to the ongoing rebalancing in the labor market, described the current interest rate…
-
Nasdaq, S&P, Dow futures fall as investors brace for CPI data
•
Mberdi/E+ via Getty Images Stock index futures fell on Wednesday, a day after the Nasdaq closed at a new record high, as investors awaited important CPI data due later in the day. Standard & Poor’s 500 futures contracts (SPX) -0.1%Nasdaq 100 futures (US100:IND) -0.2% and Dow futures contracts (Endo) -0.1%.…
-
Dollar drops to one-month low vs euro before key CPI test By Reuters
•
Written by Kevin Buckland TOKYO (Reuters) – The dollar fell to a one-month low against the euro on Wednesday amid falling Treasury yields as traders braced for a key U.S. inflation report later in the day that could determine the course of Federal Reserve policy. However, the yen remained hovering…
-
TD preview the US CPI report due Wednesday
•
We review US CPI data scheduled for release on Wednesday. The headline is likely to be +0.3% m/m despite another notable rise in energy prices We expect core inflation to slow to a “soft” pace of 0.3% m/m after recording a third consecutive strong gain of 0.4% in March. Unrounded…
-
US CPI due Wednesday. Here are the ranges of estimates (& why they’re crucial to know).
•
US consumer inflation data is scheduled to be released at 1230 GMT, which is 0830 EST. Previous previews: *** Well, what do you expect? This snapshot is from the ForexLive economic data calendar, Access it here. Take a look at the forecast range compared to the consensus average (“expected” in…
-
How April CPI inflation data may influence the Fed’s rate path decision (DXY)
•
With inflation remaining hotter than desired in the first quarter of 2024, the Fed’s first expected interest rate cut in more than four years continues to push through later in the calendar, with some wondering whether the central bank will lower its benchmark. Standard rate at all this year. Investors…
-
Newsquawk Week Ahead: Highlights include US CPI, US Retail Sales, UK and Australian Jobs
•
Next week May 13-17: He sat down: Chinese inflation (April) Monday: Eurogroup meeting, New Zealand inflation expectations (Q2) Tuesday: OPEC monthly report, German final CPI (April), UK jobs report (April/March), German ZEW survey (May), US PPI (April) married: People’s Bank of China (PBoC) Multilateral, Riksbank Minutes, IEA OMR, Australian Wage…
-
Dollar up slightly after consumer sentiment data, CPI eyed By Reuters
•
Written by Chuck Mikolajczak NEW YORK (Reuters) – The dollar rose on Friday after a reading on U.S. consumer sentiment as investors sorted through a batch of comments from Federal Reserve officials, with focus beginning to shift toward key inflation readings next week. The dollar pared its declines and turned…
-
China’s April CPI +0.3% y/y (vs. +0.1% expected) and PPI -2.5% (expected -2.3%)
•
For y/y data: CPI +0.3% Continuing to claw its way out of the downturn This is the third month in a row that the CPI has exceeded zero on an annual basis Expected +0.2%, Previous +0.1% Producer Price Index -2.5% The economy remains in a deep contraction, as it has…
-
Dollar firm as US CPI data looms; hawkish BOJ policymakers pause yen slide By Reuters
•
Written by Brigid Riley TOKYO (Reuters) – The dollar was mostly steady on Thursday as traders kept their nerve ahead of next week’s U.S. inflation data and what it could portend for Federal Reserve (US central bank) policy, while hawkish views from members of the Bank of Japan helped the…