CPI

This week expect to see more follow through price action from US inflation data and a focus on the consumer

In this week’s edition, we discuss the dollar’s recovery despite weaker inflation data, and talk up the prospects of the euro, pound and yen.

Perhaps a bit of basing and consolidation is needed for the metal to gear up for a clean breakout above $1800.

With the odds of 75 basis point hike having dropped, the Fed is careful not to push too hard against that...

The US inflation report lived up to expectations in terms of market impact!

If the “peak inflation” theme gathers steam in the coming weeks, we may look back at today’s inflation reading as a major turning point for the year-to-date market trends.

Headline inflation reading may show price pressures fading while the Fed’s preferred “core” (ex-energy and food) CPI measure shows that underlying inflation is still rising

All eyes will be on US CPI, undoubtedly the week's most important macro release on Wednesday.

Will central banks be able to raise rates fast enough to keep higher inflation at bay, while simultaneously keeping the world out of a recession?

Hot CPI readings may hurt the economy so badly that the Fed may start cutting rates again in as early as Q1

The US CPI print came out much hotter than expected 9.1% YoY. This print, combined with the strong employment data, should give the Fed confidence to hike at least 75bps

Annual CPI is expected to have accelerated to 8.8% in June from 8.6% in May.

GBP/USD rises after UK GDP, US CPI next, USD/CAD awaits the BoC rate decision.

Inflation hits a fresh record high in the Eurozone

The first (of several) regional inflation reports for Germany came in soft this morning, and that could be a lead for Germany’s broad CPI released at lunch today.

Will USD/MXN continue lower? It may depend on whether the central bank decides to hike another 75bps at its August meeting!

Will USD/MXN continue lower? It may depend on whether the central bank decides to hike another 75bps at its August meeting!