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CPI for April will be released on Wednesday. The consensus is for 0.3% increase in CPI (up 3.4% YoY), and a 0.3% increase in core CPI (up 3.6% YoY). Here are a couple of analyst's forecasts. From BofA: For the April CPI report, we forecast headline CPI rose by 0.3% m/m. Based on our forecast, the y/y rate should tick down to 3.4%. The main factor behind our ...
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Saudi Arabia wants to avoid sending the economy into overdrive as it channels investments with the goal of pivoting the nation away from oil dependency. Finance Minister Mohammed Al-Jadaan said Tuesday that while his country’s massive investments are helping to grow the non-oil economy, the kingdom needs to be careful about “overheating” — which could cause ...