US consumer inflation data:
- for May 2024
- due at 1230 GMT, which is 0830 US Eastern time
Preview here:
This snapshot is from the ForexLive economic data calendar, access it here. It shows the consensus estimate and the April (prior) result:
FOMC and Powell coming later too!
- 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.
For expectations from major investment banks, check this out:
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Taking a look at the range of expectations compared to the median consensus (the ‘expected’ in the screenshot above) for the key data points:
March CPI Headline y/y range of expectations is showing:
CPI Headline m/m range showing:
CPI excluding food and energy (the core rate of inflation) y/y range showing:
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3.4 – 3.4% ( yes, all 3.4)
CPI excluding food and energy m/m range showing:
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Why is knowledge of such ranges important? Check out the longer version of this post I popped up back during Asia time, link here.