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Eyes on Inflation


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Feb 2nd's NFP set the scene for last weeks market turn around, the beat on job numbers and average hourly earning plus a revised increase in consumer sentiment made the market consider the increasing possibility of rising inflation after a long period of stagnation.

Will tomorrow's US CPI data shed more light on the prospect?

 

https://www.marketwatch.com/story/dont-make-big-investing-decisions-until-feb-14-2018-02-12?link=sfmw_tw

 

Wed 14th Events:

 

cal1.PNG

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What reaction to expect from a CPI outside expectation. But remember too that core retail sales data comes out at the same time where a figure higher than expectation will give US dollar a lift so any reaction in USD will be the sum of the two different data sets.

 

Incidentally Joel Kruger is formally of DailyFX.

 

cpi1.PNG

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