The most important data this week is the US CPI report before the market on Wednesday, and PPI will provide guidance on inflationary pressure on Tuesday.
Michelle Bowman, a member of the US Federal Reserve Board, said that the inflation rate is still far above the committee's 2% target and there are upside risks, which is disturbing. Bowman mentioned, "I will continue to be cautious when considering adjustments to the current policy stance."
Economists at financial services company Investec said: "Last month's CPI report showed an encouraging decline in housing cost pressures in the United States. If this downward trend continues, it will help inflation return to the 2.0% target." Close
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