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US Inflation in Focus: Expectations and Fed Speak Take Center Stage

US Inflation in Focus: Expectations and Fed Speak Take Center Stage
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  1. US

    US

    This week is all about inflation. Annual inflation will tumble as energy prices drop and due to base effects, but many traders will pay close attention to the core readings. CPI on a monthly basis is expected to increase by 0.3%, higher than May’s pace of 0.1%. The headline annual reading is expected to fall from 4.0% to 3.0%. The monthly core reading is expected to rise 0.3%, while the year-over-year reading softens to 5.0%. Expectations are for pricing pressures to edge higher going forward.

    The upcoming week is filled with Fed speakers and the Wednesday release of the Beige Book. On Monday, we hear from Barr on bank supervision, Daly talks about inflation and banking, and Mester discusses the economic and policy outlook. Wednesday contains appearances by Barkin, who talks about inflation, Kashkari discusses monetary policy, Bostic attends the Atlanta Fed payments event, and Mester speaks on FedNow. The recent flow of economic data may warrant steady hawkish Fed speak.


    Craig Erlam

    Craig Erlam

    Based in London, Craig Erlam joined OANDA in 2015 as a market analyst. With many years of experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while producing macroeconomic commentary. His views have been published in the Financial Times, Reuters, The Telegraph and the International Business Times, and he also appears as a regular guest commentator on the BBC, Bloomberg TV, FOX Business and SKY News. Craig holds a full membership to the Society of Technical Analysts and is recognised as a Certified Financial Technician by the International Federation of Technical Analysts.


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