- Analytics
- News and Tools
- Market News
- WH Press Secretary Jean-Pierre: Expect new CPI data to be highly elevated
WH Press Secretary Jean-Pierre: Expect new CPI data to be highly elevated
White House Press Secretary Karine Jean-Pierre told reporters that she expects new Consumer Price Index (CPI) data to be highly elevated.
Her comments escalate inflation woes ahead of Wednesday’s US CPI release for June, expected 8.8% YoY versus 8.6% prior.
It’s worth noting that the US inflation expectations jumped to the record high of 6.8% in June, versus 6.6% prior, per the NY Fed’s survey of one-year-ahead consumer inflation expectations.
On the same line, Atlanta Fed President Raphael Bostic said that recent inflation data has not been as encouraging as I would have liked, per Reuters.
FX implications
The inflation fears weigh on the market sentiment and fuel the US dollar due to its safe-haven appeal, also drowning the commodities and Antipodeans.
Also read: NZD/USD bears attack 0.6100 at two-year low amid inflation/recession fears, RBNZ eyed
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
