22 May 2015
US April headline and core CPI expected to move higher – TDS
FXStreet (Barcelona) - The TD Securities Team previews the key events ahead in the US – US April CPI data release, and Fed Chair Yellen’s speech.
Key Quotes
“The April CPI report comes into, both headline and core CPI expected to edge +0.1% m/m higher. This should leave annual inflation rates flat at -0.1% y/y on the headline and modestly lower at 1.7% y/y from 1.8% y/y in core, though we highlight some downside risks due to the seasonal treatment of energy prices during the month.”
“More importantly, Fed Chair Yellen will speak on the US economic outlook just ahead of the pre-Memorial Day weekend early market close, potentially revealing more nuanced details on the Fed’s rate hike bias.”
Key Quotes
“The April CPI report comes into, both headline and core CPI expected to edge +0.1% m/m higher. This should leave annual inflation rates flat at -0.1% y/y on the headline and modestly lower at 1.7% y/y from 1.8% y/y in core, though we highlight some downside risks due to the seasonal treatment of energy prices during the month.”
“More importantly, Fed Chair Yellen will speak on the US economic outlook just ahead of the pre-Memorial Day weekend early market close, potentially revealing more nuanced details on the Fed’s rate hike bias.”