The important economic data of the U.S. Consumer Price Index (CPI) will be published tonight at 9.30 pm.
The result of the inflation rate that will be reported can have an impact on the Fed's decision whether to maintain the existing interest rate for longer or otherwise.
We at Saracen Markets see the December inflation data that will be reported to be able to give a "soft inflation" reading.
The inflation reading this December will be seen to give confidence to the Fed in assessing the actual situation of inflation in the country.
This is because December is the month of "festive season" where at that time, the spending pattern of people in the country increases.
In addition, the factor of falling prices of goods at that time also had an impact on people's spending patterns.
The fall in the price of goods that has occurred in the country is due to the disinflation of imported goods from China.
Expected U.S. CPI Data
Previous Reading Expectation Data
Core CPI(MoM)(Dec) 0.20% 0.30%
Core CPI (YoY)(Dec) 3.80% 4.00%
CPI (MoM)(Dec) 0.20% 0.10%
CPI (YoY)(Dec) 3.20% 3.10%
Any reading recorded as much as 0.40% for the production of "Core CPI" data will give a "boost" to the American Dollar.
