I posted a US CPI preview earlier:
The data is due at 8.30am user, which is 1230 GMT. Pic below of expected and priors:
- The numbers in the right-most column are the ‘prior’ (previous month/quarter as the case may be) result.
- The number in the column next to that, where there is a number, is the consensus median expected.
After the strong NFP CPI has taken on even more importance:
Deutsche Bank heads up preview, bolding below is mine:
- US
CPI tomorrow is probably the event of the week in terms of potential
vol as it could impact final pricing for the FOMC and impact terminal
pricing as well. - The last swing factor for the FOMC will clearly be CPI … . In our economists preview here they are expecting
a wafer thin +0.01% month-over-month advance for headline CPI (vs.
+0.37% previously) and a +0.37% increase for core (vs. +0.41%).
This would lead the former to drop by about a full percentage point to
4.0% YoY, with the latter down -0.2% to 5.3%, with the 3, 6 and 12 month
core readings all still struggling to gain much downward momentum below
5% at the moment. For PPI the day after, DB expect the headline series (-0.2% vs. +0.2) to underperform the core component (+0.2% vs. +0.2%) due to energy prices.
This article was written by Eamonn Sheridan at www.forexlive.com.
