- Analytics
- News and Tools
- Market News
- US inflation expectations stabilize near one-week high ahead of CPI data
US inflation expectations stabilize near one-week high ahead of CPI data
US inflation expectations, as per the 10-year and 5-year breakeven inflation rates from the St. Louis Federal Reserve (FRED) data, justify the market’s indecision as the numbers fade the week-start recovery moves ahead of the all-important US Consumer Price Index (CPI) for April.
It’s worth noting that the 10-year and 5-year inflation precursors remained steady near 2.23% and 2.22% on Tuesday, repeating Monday’s figures at the highest levels in a week.
With this, the market’s expectations of softer prints of the CPI ex Food and Energy, also known as the Core inflation data, gain acceptance and weigh on the US Dollar Index (DXY) price. That said, the greenback’s gauge versus the six major currencies snap a two-day rebound near 101.50 by the press time.
Meanwhile, US CPI forecasts suggest mostly unchanged CPI YoY and an improvement in the monthly figure. Should the data suggest escalating inflation pressure in the world’s biggest economy, the recently hawkish Fed bets may gain momentum and can allow the US Dollar to pare intraday losses.
Also read: US April CPI Preview: How will inflation data influence Fed rate outlook?
© 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
