According to analysts at Deutsche Bank, the main highlight today is US CPI and analysts at DB expects core inflation (0.23% month-over-month) to rebound in July after a few softer monthly prints.
“According to our team, over the past three months, core CPI has risen at an annualized rate of only 1.74%, well below the year-over-year and 6-month annualized rates which are both near 2.3%. Their forecast is supported by recent firmer readings for alternative inflation gauges and expectations for a rebound in a few categories that have been unusually soft in recent months.”
“A print in line with DB’s forecast would lift the YoY rate for core CPI inflation to 2.32%, which would support the long-standing house call for two more rate hikes this year.”
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.