US CPI Preview: Forecasts from nine major banks, a number of factors are pushing inflation higher

The US Bureau of Labor Statistics will put up the September Consumer Price Index (CPI) at 12:30 GMT and as we get nearer to the launch time, right here are the forecasts via the economists and researchers of 9 foremost banks involving the upcoming US inflation data. The CPI is anticipated to upward shove 0.3% in September as it did in August whilst Core CPI is projected to upward push 0.1%.

See – Trading US Inflation with EUR/USD: Five scenarios, market bias and tiers to watch

“Rising power and meals expenses must see US headline CPI upward shove via (0.4% MoM) at a barely quicker tempo than the core CPI (0.3% MoM) in September. Supply-demand imbalances proceed to preserve stress on underlying inflation.”


Read Previous

Silver Price Analysis: XAG/USD confined in a range near mid-$22.00s, below 38.2% Fibo.

Read Next

USD/JPY set to race higher towards 2017 highs at 118.62 – Credit Suisse

Leave a Reply

Your email address will not be published. Required fields are marked *