US CPI previews, BoA and JP Morgan both looking for strong core price pressures | Forexlive
Earlier preview is here:
Adding now a couple of snippets from elsewhere.
BoA says they expect the March inflation data to show its ‘sticky’ again:
- the forecast is for core CPI to rise 0.4% m/m and 5.6% y/y
JP Morgan are looking for an even higher m/m core inflation result at 0.5%:
- That would represent the fourth straight month of accelerating gains
- likely to keep the Fed on track to hike 25bp in May
- also leaves open the door for a June hike
—
The data is due at 8.30am US Eastern time on Wednesday, 12 April 2023:
-
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.