Super Wednesday is here – the Consumer Price Index (CPI) inflation report is set to show an increase of 0.3% in core CPI and a minor decrease in core CPI YoY to 3.5%.
Super Wednesday is here – the Consumer Price Index inflation report is set to show an increase of 0.3% in core CPI and a minor decrease in core CPI YoY to 3.5%. Gold and stock bulls are eager to see softer inflation several hours before the Fed decision and its all-important dot plot. US Dollar bulls need more robust data—live coverage. FXStreet Premium allows subscribers to participate in the coverage and ask analysts questions live.
In a rare occasion, the US releases CPI on the same day as the Fed decides. The focus is on the dot-plot, the bank's projections of growth, employment, inflation, and most importantly interest rates. Investors expect the Fed to project one or two cuts this year, down from three foreseen in the March decision. The Fed dot plot is critical to markets, and it will undergo last-minute changes in response to the CPI inflation report.
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