White House says tomorrow's inflation data will show high year-on-year figure By ross_burland CPI
data scheduled for New York's morning session, the White House says tomorrow's inflation data will show a high year-on-year figure.
The consensus in the market for January CPI print is for a 0.4% MoM lift in consumer prices. The Core inflation is expected to come in at 0.5% MoM . as that would reinforce the January labour market report in raising the debate around a 50bps lift-off hike in March. Before the FOMC announces its decision, it will have the February labour market and CPI reports.''
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