With inflation in the U.S. economy struggling to downshift this year, all eyes will be on the U.S. Bureau of Labor Statistics' release of March CPI numbers on Wednesday. This report holds the potential to cause significant volatility across assets, so traders should prepare for the possibility of treacherous market conditions, especially if incoming data surprises to the upside.
In terms of estimates, headline CPI is forecast to have increased by 0.3% monthly, lifting the yearly reading to 3.4% from 3.2% previously. The core gauge, which excludes food and energy, is also expected to rise by 0.3% on a seasonally adjusted basis, though the 12-month rate is projected to ease to 3.7% from 3.8% prior, a small but welcome step in the right direction.
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We recommend that you seek independent advice and ensure you fully understand the risks involved before trading. Information presented by DailyFX Limited should be construed as market commentary, merely observing economical, political and market conditions. This information is made available for informational purposes only. It is not a solicitation or a recommendation to trade derivatives contracts or securities and should not be construed or interpreted as financial advice.
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