Live Coverage: US inflation may heat up again, markets await CPI in fear
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UPGRADEIs the bar too low? Economists expect US core CPI MoM to have risen by 0.2%, below recent levels. Another hot inflation report may hurt Gold and Stocks. Live coverage.
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The last mile in inflation is the hardest
US inflation is far below the peaks seen in 2022, but core prices – excluding volatile energy and food – remain uncomfortably above 3%. The Federal Reserve (Fed) aim for 2%.
The Consumer Price Index (CPI) report for December provides hard data about price rises. Core CPI MoM is projected to have risen by 0.2% according to the economic calendar, but it rose by 0.3% in the past four months. That implies an annualized rate of 3.6%, too high.
Another stronger-than-expected read would boost the US Dollar on expectations of an even higher path of interest rates. A softer one would support Gold and Stocks, which needs lower borrowing costs.
Live financial market coverage
FXStreet covers major economic releases in a live blog format, to provide readers an instant verdict of the data, rapid analysis of key assets, and for Premium members, the abilty to ask our experts questions in real time.
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Is the bar too low? Economists expect US core CPI MoM to have risen by 0.2%, below recent levels. Another hot inflation report may hurt Gold and Stocks. Live coverage.
Join FXStreet Premium to ask analysts questions live, leverage actionable analysis and get Gold and signal alerts.
The last mile in inflation is the hardest
US inflation is far below the peaks seen in 2022, but core prices – excluding volatile energy and food – remain uncomfortably above 3%. The Federal Reserve (Fed) aim for 2%.
The Consumer Price Index (CPI) report for December provides hard data about price rises. Core CPI MoM is projected to have risen by 0.2% according to the economic calendar, but it rose by 0.3% in the past four months. That implies an annualized rate of 3.6%, too high.
Another stronger-than-expected read would boost the US Dollar on expectations of an even higher path of interest rates. A softer one would support Gold and Stocks, which needs lower borrowing costs.
Live financial market coverage
FXStreet covers major economic releases in a live blog format, to provide readers an instant verdict of the data, rapid analysis of key assets, and for Premium members, the abilty to ask our experts questions in real time.
FXStreet Premium
FXStreet Premium provides subscribers access to analysts, exclusive actionable analysis, signals, Ed Ponsi's webinars, trade plans and a bullish/bearish indicator for Gold on critical events. Join FXStreet Premium here.
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