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Revisions make for a particularly tricky US CPI report
Tomorrow's CPI report is a big one with the market expecting an improvement to 6.2% y/y from 6.5% on the headline. Every part of the report is going to matter but the Fed is likely to be looking most-closely at core CPI and the consensus is 5.5% from 5.7% along with a 0.4% m/m rise.
Deutsche Bank notes how the benchmark revisions released last week show that core inflation has been running hotter than previously believed.
That's more likely to push the Fed in a hawkish direction b... Read More
Posted: Feb 13 2023, 14:59
Author Name: forexlive
Views: 110678
