$USSIRY -U.S CPI (September/2024)ECONOMICS:USIRYY
US Inflation Rate Slows Less Than Expected
source: U.S. Bureau of Labor Statistics
-The annual inflation rate in the US slowed to 2.4% in September,
the lowest since February 2021 but surpassing market expectations of 2.3%.
Compared to the previous month, the CPI increased by 0.2%, the same as in August.
Meanwhile, annual core inflation unexpectedly rose to 3.3%, while the monthly gauge remined at 0.3%.
Inflationdata
Can traders trust inflation data forecasts this week?Can traders trust inflation data forecasts this week?
07 Feb – 12 Feb, 2022
This week’s trading takes place in the shadow of last week’s Non-farm Payrolls number, out-doing analysts’ expectations by a considerable margin. Non-farm Payrolls recorded 467K jobs added to the US economy in January vs an expected 150K gain. Investors will be cautious of this week’s predictions, especially as it applies to inflation data.
Thursday, February 10:
Brazil Inflation Rate YoY JAN
Mexico Inflation Rate YoY JAN
Russia Inflation Rate YoY JAN
Inflation data across three emerging economies should draw investor interest on Thursday. In order of appearance, Brazil, Mexico, and then Russia’s results will be rolled out through the morning.
Brazil and Russia’s readings are expected to keep rolling onto new multi-decade highs. In contrast, Mexico’s reading is expected to cement the idea that inflation has peaked in the country as it records its second straight decline in its reading.
Brazilian inflation is expected to rise from 10.06% to 10.40%
Mexican inflation is expected to fall from 7.36% to 7.00%
Russian inflation is expected to rise from 8.4% to 8.8%
Friday, February 11:
US Inflation Rate YoY JAN
The Federal Reserve’s prediction that inflation will return to 2.6% sometime this year is unlikely to be encouraged by January’s reading of US inflation YoY. The market is predicting an increase in the inflation rate from its current 7.0% to 7.3%.
January’s reading is due this Friday morning.
Something to consider in relation to the inflation rate is that its biggest contributor, energy, has recently hit 7-year highs, with WTI and Brent crude both trading above US $90 per barrel.
GBPUSD H4 - Long EntryGBPUSD H4
Need to trade with caution here as we have US CPI inflation data coming up this afternoon as we mentioned, but so far... This is playing out exactly as expected, we are just treading round the economic points we want to avoid unless we are holding a risk free position.
Looking for longs from this 1.36 handle as long as CPI doesn't throw us around!