CPI Data Expectations: Analyzing US inflation – by FXstreetNews EconomicIndicator Inflation Fed UnitedStates EURUSD
Annualized Consumer Price Index in the US is expected to rise 5.0% in April, holding steady from March numbers.US Dollar set to rock as US CPI could have a significant impact on the Fed’s rate outlook. data release for April, published by the US Bureau of Labor Statistics , is scheduled for May 10 at 12:30 GMT.
Over the month, the headline Consumer Price Index is foreseen to accelerate, with a 0.4% increase expected in April, up from the 0.1% increase registered in March. However, the Core CPI is expected to keep rising 0.4%, the same pace as the previous month. Analysts at TD Securities provide a brief preview of the key macro data and explain: “Market attention this week will focus on April CPI data following a payrolls report that was less strong than the headline beat would suggest. We look for core-price inflation to stay firm again, with the index rising a strong 0.4% MoM for a second straight month, as goods inflation likely continued to gain momentum.”The CPI data report is scheduled for release at 12:30 GMT, on May 10.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
USD Index Price Analysis: Rising bets from a break below 101.00DXY faces some extra downside pressure and puts the 101.00 support to the test at the beginning of the week. The weekly low at 101.01 represents the n
Read more »
USD Index Price Analysis: Downside pressure alleviate above 102.50DXY extends the upside bias seen on Monday and reclaims the 101.50/60 band, or 2-day highs, on Tuesday. A more serious bullish attempt should clear th
Read more »
AUD/USD Price Analysis: Resumes upside journey as USD Index drops further ahead of US InflationAUD/USD Price Analysis: Resumes upside journey as USD Index drops further ahead of US Inflation AUDUSD Inflation DollarIndex SupportResistance Breakouts
Read more »
Wall Street closes down as focus shifts to inflation data, debt talksU.S. stock indexes closed lower on Tuesday as investors grew more cautious ahead of a U.S. consumer price index report and a meeting between U.S. political leaders to discuss the debt ceiling.
Read more »
USD Index adds to the downside and challenges 101.00The greenback remains on the downside and confronts the 101.00 region when measured by the USD Index (DXY) at the beginning of the week. USD Index rem
Read more »
Eurozone Sentix Investor Confidence Index drops to -13.1 in May vs. -9.2 expectedThe Eurozone Sentix Investor Confidence index deteriorates to -13.1 in May from -8.7 booked in in April vs. -9.2 expected. more to come ... EUR/USD re
Read more »