Details in inflation report should bring relief to Fed officials - TD Securities

Eren Sengezer FXStreet

"The May CPI print disappointed modestly to the downside on the back of a softer increase in core inflation," TD Securities analysts said assessing today's data from the U.S.

Key quotes

"However, key services components suggest underlying prices remain firm. We believe details in the report should bring relief to Fed officials as some of the factors mentioned as transitory appear to be less of a drag in prices."

"FX: The USD is little bothered on a broad basis ahead of next week's Fed decision. Until then, there will be little appetite to break notable range barriers, particularly in EURUSD between 1.1265/80 and 1.1365."

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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