GBPUSD On Track To Settle Above 1.3700
The British pound sterling continues to keep a bullish hold. After failing to [...]
Trading news
US CPI preview: Prices likely to rise 0.3% in January - Westpac
Analysts at Westpac provide a brief preview of the January inflation report from the US economy, slated for release on Wednesday.
Key Points:
US headline inflation has steadily accelerated in recent months as the previously deflationary influence of energy prices once again became a positive contributor to aggregate price growth.
Annual headline inflation has now risen from a recent low of 0%yr at September 2015 to 2.1%yr in December. As a result, it has now come back into line with the core measure, which has remained a little above the FOMC's medium-term 2.0%yr target over the past twelve months.
Apart from energy, key to the strength of inflation currently are rents; health costs; and higher minimum wage rates which have been priced into the price of goods and services to limit the impact on profit margins.
Headline prices are likely to rise 0.3% in January, with core inflation a little more modest at 0.2%. In coming months, headline and core inflation will settle near the 2.0%yr figure.
Monday, 13 Feb, 2017 / 5:02
Source : https://www.ag-markets.com/news/
Trading news
The crude market saw a much quieter period of trading this week. Price [...]
Biden To Push Through Stimulus Aid
Greenback Fades as Bears Take Control The US index dropped towards the 90 [...]
