A very brief snippet from BMO’s preview of Tuesday’s US CPI (due at 0830 US ET) report:
- (the) strong jobs backdrop will put CPI into context regardless of the print
itself; after all, core inflation will either point to the ‘obvious’
need for the Fed to push further into restrictive territory or reflect
the progress policymakers have made toward securing the anchor of
inflation expectations. As it presently stands, investors are biased for
an upside surprise versus the consensus for core-CPI of +0.4% on a
monthly basis. - the pain-trade is for an as-expected or lower read on consumer prices,
and while that might not be the base case, it would elicit a far more
dramatic price response in Treasuries
This
snapshot from the ForexLive economic data calendar, access
it here.
The
times in the left-most column are GMT.
The
numbers in the right-most column are the ‘prior’ (previous
month/quarter as the case may be) result. The number in the column
next to that, where there is a number, is the consensus median
expected.
