Barclays’ Analysts offer a brief preview of the key US macro events due on the cards later in the NA session today.
“CPI: For the September CPI report, we forecast headline CPI at 0.6% m/m and 2.3% y/y, boosted by the spike in retail gasoline prices in September.
For core CPI we forecast a reading of 0.2% m/m and 1.8% y/y.
For the NSA CPI index, we expect a reading of 247.0
Retail Sales: We forecast retail sales to have increased 1.7% m/m in September.
Manufacturers' reports released earlier this month showed vehicle sales surprised strongly to the upside in September, partly fuelled by the post-hurricane recovery in demand. As a result, we look for substantial rise in sales at the retail level.
Further, gasoline prices indicate a rise in gas station sales. For sales excluding motor vehicles we forecast a 0.9% rise.
Excluding volatile items such as autos, gasoline stations, food services and building materials, we expect retail sales to be up 0.6% m⁄m.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility.