FXStreet (Guatemala) - Brian Daingerfield, FX Trading Strategist at RBS explained that in the US, CPI inflation for August is released and is the final inflation indicator released ahead of the Fed’s September rate decision on Thursday.
Key Quotes:
"Even a rise in the core inflation rate of 0.14% unrounded, which is lower than the average of the first half of this year, would be enough to push the core CPI rate up to 1.9% y/y. To be sure, the PCE deflator, the Fed’s preferred measure of inflation, remains well below target and has yet to show signs of advancing.
A pickup in the core CPI rate would add to the divide between the y/y growth rate of these two inflation measures, which is already at its highest level since 2009."
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