US CPI and Fed Minutes in Focus This Week

Outlook The focus this week will be US CPI on Wednesday, forecast up 0.4% m/m and 3.1% y/y . 2% prior. Core is expected to decelerate to 0.3% m/m and 3.7% y/y. We also get the Fed minutes. Late in the week will be some big bank earnings . Off in the sidelines are worriers about the looming commercial real estate market failure. In a data-filled week, note the ECB meets Thursday.

the US with 4.406%. Which does the rational investor prefer? See the chart from the excellent site kshitij.com. This shows the 2-year notes vs. the dollar/yen. As in the case of the Bund and euro, the correlation is not bad. Most analysts would make the point that what favors the yen is not the Japanese yield rising, but rather the US one falling. That keeps getting postponed as hot US data keeps coming. You have to wonder whether Mr.

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US CPI and Fed Minutes in Focus This WeekThe focus this week will be on the US Consumer Price Index (CPI) and the release of the Federal Reserve (Fed) minutes. The CPI is forecasted to increase by 0.4% month-on-month and 3.1% year-on-year. The core CPI is expected to decelerate to 0.3% month-on-month and 3.7% year-on-year. Additionally, big bank earnings from Citi, JP Morgan, and Wells Fargo will be released later in the week. Worries about the commercial real estate market failure are also on the sidelines. The European Central Bank (ECB) will also meet on Thursday, with speculations of a potential rate cut in June. The debate in the US about whether the Fed should cut rates in June is intensifying. The main question is whether the strong US economy is too hot for rate cuts.
Source: FXStreetNews - 🏆 14. / 72 Read more »