23 Mar 2015
US inflation numbers in focus - TDS
FXStreet (Bali) - Jacqui Douglas, Senior Global Strategist at TD Securities, notes that key US inflation numbers will be released this week, with the outcome likely to have a significant impact on the outlook for rate hikes by the Fed.
Key Quotes
"The inflation data will be watched that much more closely now that the Fed said explicitly that it will only be appropriate to raise the fed funds rate when it is “reasonably confident that inflation will move back to its 2 percent objective over the medium term. Markets are looking for both headline and core CPI to hold steady -0.1% Y/Y and 1.6% Y/Y, respectively, but any surprises may have an outsized market impact."
Key Quotes
"The inflation data will be watched that much more closely now that the Fed said explicitly that it will only be appropriate to raise the fed funds rate when it is “reasonably confident that inflation will move back to its 2 percent objective over the medium term. Markets are looking for both headline and core CPI to hold steady -0.1% Y/Y and 1.6% Y/Y, respectively, but any surprises may have an outsized market impact."