The January CPI reading is expected to show a 6.2% rise from a year earlier, slowing from a 6.5% year-over-year rise seen in the previous month, according to a survey of economists.
The stock market’s start-of-year rally is poised to fizzle if a highly-anticipated U.S. inflation report on Tuesday dashes hopes for a quicker retreat in the cost of living in America, warned market analysts.
The Federal Reserve Bank of Cleveland’s Inflation Nowcast is predicting a hotter-than-consensus CPI report. As of Monday, the Cleveland Fed’s model shows headline CPI to rise 0.65% month over month, or 6.5% on a yearly basis. For core CPI, the tracker estimates an 0.46% monthly increase and a 5.6% year over year advance.
A hotter-than-expected inflation reading on Tuesday could mark a turning point in the equity market’s expectations for inflation and interest rates, with “far-reaching implications,” said Michael J. Kramer, founder of Mott Capital Management. “If CPI does come in hotter than expected, the equity market may find itself on the wrong side of the trend again, just as it has several times over the past 12 months.”Adding to potential volatility is the new weightings for the CPI calculation by the Bureau of Labor Statistics released Friday.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
What January's CPI may reveal about inflationThere are some warning signs the pathway toward low inflation may be bumpier than advertised so far.
Baca lebih lajut »
U.S. stocks end sharply higher ahead of highly-anticipated CPI data on January inflationU.S. stocks finished sharply higher Monday, with gains led by the technology-heavy Nasdaq Composite, as investors await fresh data from the consumer-price...
Baca lebih lajut »
Why did Eagles quarterback Jalen Hurts get benched at Alabama and why did he transfer?Eagles quarterback Jalen Hurts was a standout at Alabama before he was benched in one of the biggest games of his life. He eventually transferred.
Baca lebih lajut »
The stock market will surge if Tuesday CPI report cools down as expectedThe stock market is poised to surge 2% on Tuesday if new inflation data cools down as expected, JPMorgan says
Baca lebih lajut »
EUR/USD sees more weakness below 1.0660 as investors expect a surprise upside in US CPIThe EUR/USD pair has showed a pullback move to near 1.0680 in the early Tokyo session. The pullback move by the major currency pair seems to lack stre
Baca lebih lajut »
US inflation expectations stay firmer as markets brace for US CPIMarket sentiment remains sour during early Monday as the US-China jitters over the “unidentified objects” join the mixed Fed talks and cautious mood a
Baca lebih lajut »