Proekt_73
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In 5 minutes, data on manufacturing inflation will be released in the US.
These will be the data for December, a leading indicator for consumer inflation data in the US for January.
Let us remind you that inflation is now much more important for the US Federal Reserve than the labor market. So, a deviation from the forecast in these data could cause strong market volatility.
For manufacturing inflation, the consensus forecast is growth, and not weak:
- Core Producer Price Index (PPI) (y/y) - 3.8% compared to the previous figure of 3.4%.
- Producer Price Index (PPI) (y/y) - 3.5% compared to the previous figure of 3.0%.
For the markets, these numbers are negative, already priced in.
These will be the data for December, a leading indicator for consumer inflation data in the US for January.
Let us remind you that inflation is now much more important for the US Federal Reserve than the labor market. So, a deviation from the forecast in these data could cause strong market volatility.
For manufacturing inflation, the consensus forecast is growth, and not weak:
- Core Producer Price Index (PPI) (y/y) - 3.8% compared to the previous figure of 3.4%.
- Producer Price Index (PPI) (y/y) - 3.5% compared to the previous figure of 3.0%.
For the markets, these numbers are negative, already priced in.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.