CPI
Previous: -0.5%
Estimate: -0.3%
Core CPI
Previous: 0.2%
Estimate: 0.2%
What do you think will the number be?
Its been 4 months since the last US Rate Hike. THAT is already a long time ago and the effect should have withered down already.
I am guessing that it will come out 0.2~0.3%
Is transportation part of CPI? I heard Car Sales is dropping..
CPI should be important today. It will decide "WHEN" FED will start dropping rates.. Expectation was to drop rates as early as Q1, but if CPI is still "elevated", rate cut may occur as late as June 2007 (a year after the last rate hike).
Umm... I was wondering; is there a correlation between PPI and CPI? Last Tuesday PPI was WAY lower than expectation YET USD managed to gain 300 pips vs GBP this week (USD Love Week?)
Previous: -0.5%
Estimate: -0.3%
Core CPI
Previous: 0.2%
Estimate: 0.2%
What do you think will the number be?
Its been 4 months since the last US Rate Hike. THAT is already a long time ago and the effect should have withered down already.
I am guessing that it will come out 0.2~0.3%
Is transportation part of CPI? I heard Car Sales is dropping..
CPI should be important today. It will decide "WHEN" FED will start dropping rates.. Expectation was to drop rates as early as Q1, but if CPI is still "elevated", rate cut may occur as late as June 2007 (a year after the last rate hike).
Umm... I was wondering; is there a correlation between PPI and CPI? Last Tuesday PPI was WAY lower than expectation YET USD managed to gain 300 pips vs GBP this week (USD Love Week?)