© Reuters.
Investing.com – The US Bureau of Labor Statistics is due to release (BLS) Inflation figures for February are out on Tuesday, March 14th.
It is expected to rise by 0.4% on a monthly basis. The core CPI is also expected to have increased by 0.4% MoM and the YoY growth of 6.0%. For January, the figures announced were 0.4%, 0.5%, and 6.4%, respectively..
The Fed will be watching this data carefully as it is seen as the latest data release before the central bank meeting next week, at which it will discuss its next steps..
Before the most important Fed meeting, how will gold, the dollar and treasury bonds interact in light of the flow of data.. What is the golden opportunity before this?
The trusted analyst, Ghaith Abu Hilal, provides you with technical analysis of market drivers, a simplified explanation of all events, and readings on inflation data and the Fed’s reaction.
The symposium will take place tomorrow night after the inflation data is released, and all you have to do is register to attend for free from here: http://bit.ly/3T3KL9f
Goldman Sachs forecast
Goldman Sachs (NYSE:) expects core CPI to rise 0.45% MoM while core CPI is expected to come in at 0.4% MoM and 6.08% YoY.
the economists wrote in a note to clients “Moving on, we expect monthly core CPI inflation to remain in the 0.3-0.4% range for the next few months, reflecting higher trajectories for used car and shelter price inflation, and expect monthly core CPI inflation to fall to around 0.2% in half. The second of 2023. We expect annual core CPI inflation to be 3.7% in December 2023 and 2.6% in December 2024. The slowdown we expect in 2023 is driven more by goods than services categories.”.
Bank of America (NYSE:) Outlook
Similarly, Bank of America economists expect core CPI to come in at 0.42% MoM, but warn that risks are tilted to the upside..
“We don’t think 0.5% is out of the question…in light of recent gains in the Mannheim Used Car Index.”
The headline CPI is also expected to rise by 0.38%, which should see a 6.1% annual growth..
Monitor the markets today
It breaches 1,900 levels strongly amid fears of the repercussions of the banking crises. Declining by more than 1%, in light of the massive decline in the two-year yields. Strong decline in oil prices amid fear of recession. Violent turmoil in the stock market with the continued collapse of local banks in the United States, without any major indicator being able to maintain profits or decline strongly.
