US inflation data due on Friday - upside risksBMO on the data from the US on Thursday inflation data for Q2. In brief:
- Second quarter real GDP surprised on the upside at 2.8%
- while inflation slowed during Q2 to 2.9%, it was modestly
above expectations for a 2.7% print. As a result, investors revisited
expectations for June's core-PCE figures that will be released Friday
morning, and although the consensus remains +0.2%, the assumption is
that depending on the trajectory of revisions in April/May, there could
be upside risks with which to contend as the market absorbs the latest
installment of the Fed's favored inflation measure. - In short, growth
remains surprisingly strong and realized inflation might be edging back
toward the Fed's objectives - but it doesn't seem to be in any hurry.
Due at 0830 US Eastern time:
This article was written by Eamonn Sheridan at www.forexlive.com.
Source: US inflation data due on Friday - upside risks (https://www.forexlive.com/news/us-inflation-data-due-on-friday-upside-risks-20240725/)
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