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US inflation data due on Friday - upside risks

Started by forex4you, Jul 26, 2024, 07:42 am

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US inflation data due on Friday - upside risks

BMO 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

forexlive.com
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