"Market Anticipation: US CPI Report and Its Impact on Stocks and the Dollar"
TL;DR Summary
The upcoming US CPI report is expected to show a y/y reading of 2.9%, down from 3.4% in December, with core CPI slowing to 3.7% y/y from 3.9%. The market may focus on core CPI, and a 0.1 pp beat could impact US 10s and the dollar. The report will provide insight into the Fed's philosophical stance on inflation and interest rates, with the market currently pricing in a 71% chance of a rate cut on May 1, potentially stretching out until June.
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- Slower US Inflation Is Set to Fuel Fed Cut Optimism Bloomberg
- Dow Jones, Nasdaq, S&P 500 weekly preview: January CPI report takes the central stage By Investing.com Investing.com
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