what is the effect of CPI on USD?
US CPI Data to Show Disinflation Handoff From Goods to Services
Monthly data on US consumer prices due Tuesday is set to show more disinflation in services following recent declines in goods prices, which will bolster the case for Federal Reserve interest-rate cuts, according to Bloomberg Economics. The Bureau of Labor Statistics report will probably show the consumer price index, and the core index excluding food and energy items, both rose 0.2% in January, Bloomberg economists Anna Wong and Stuart Paul said Monday in a preview of the release. “With goods prices having largely normalized since the pandemic, the more important drivers of disinflation this year will be housing ... (full story)
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On Tuesday, investors will digest one of the most important data points the Federal Reserve will consider in its next interest rate decision: January's Consumer Price Index (CPI). ...
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