All eyes will be on US CPI data this week, due on Thursday 13 October 2022 - preview

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All eyes will be on US CPI data this week, due on Thursday 13 October 2022  - preview

<p>This snippet preview from Deutsche Bank:</p><ul><li>Our economists highlight that with gas prices down another near 7% from August to September, energy will again drag on the headline CPI print (+0.28% forecast vs. +0.12% previously). However, core CPI (+0.44% vs. +0.57%) will draw the most focus especially given last month's upside surprise. </li><li>Assuming their forecasts are correct, year-over-year headline CPI should continue to decline, falling two-tenths to 8.1%, while core should tick up two-tenth to peak at 6.5%. This is in line with consensus. </li><li>Whether one number should be the basis for huge swings in markets, it seems inevitable that a notable miss on core on either side could bring about big moves in trading over the coming weeks so stand by.</li></ul><ul><li> This snapshot from the ForexLive economic data calendar, <a href="https://www.forexlive.com/EconomicCalendar">access it here</a>.</li><li> The times in the left-most column are GMT. </li><li> 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 is a number, is the consensus median expected.</li></ul>

                This article was written by Eamonn Sheridan at forexlive.com.

Source: All eyes will be on US CPI data this week, due on Thursday 13 October 2022  - preview

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