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The moment is finally here: US CPI coming up next

The odds of a Fed hike tomorrow have dwindled to 21% in a sign that it will take an extraordinarily strong CPI report to change the Fed trajectory.The consensus is 4.1% on the headline and 5.3% on the core and I suspect we would need to see a print at least 0.3 percentage points higher to cause a last-minute rethink.Here are some scenarios from JPMorgan regarding the main headline (via @zerohedge).USD/JPY is equally straightforward with a higher reading positive and vice versa. The one caveat is... Read More

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Moment

Finally

Here

Coming

Forex

Posted: Jun 13 2023, 12:18

Author Name: forexlive

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