10Y dollar inflation yellen

Yuuuge Inflation Print Sends Dollar, March Odds, Yields Soaring

Going into the week it was all about two things: Yellen on Capitol Hill and Wednesday's CPI print. Both had the potential to change the way the market views the reflation narrative and the stakes were raised after last week's "phenomenal" tax plan promise put the Trump trade squarely back in play. Here were the expectations for this morning's inflation data (via Bloomberg): CPI 0.3% m/m; range 0.1% to 0.4% (85 estimates) Core CPI 0.2% m/m; range 0.2% to 0.3% (83 estimates) CPI 2.4% y/y; range 2.2% to 2.5% (46 estimates) CORE CPI 2.1% y/y; range 2.1% to 2.3% (47 estimates) CPI Index NSA 242.479; range 242.341 to 242.6 (14 estimates) "The energy component of the CPI could have recorded another sizable increase in January, climbing by perhaps 2.8%. According to AAA, average prices at the pump jumped by 3.4% over the course of last month": Michelle Girard and Kevin Cummins, economists at Natwest CPI has been on the rise since August We'll get more Yellen later this morning, but in the meantime, the CPI numbers are out and... yuuuge... CPI rose 0.6% vs est. 0.3%, according to the BLS. Forecast range from up 0.1% to up 0.4% from 85 estimates Ex. food, energy up 0.3%
Subscribe or log in to read the rest of this content.

1 comment on “Yuuuge Inflation Print Sends Dollar, March Odds, Yields Soaring

  1. Lance Manly says:

    Retail sales up .4%, not adjusted for inflation. CPI up .6%. Mr. math gives me a negative number.

Speak your mind

This site uses Akismet to reduce spam. Learn how your comment data is processed.