{"id":64243,"date":"2023-06-13T11:32:37","date_gmt":"2023-06-13T08:32:37","guid":{"rendered":"https:\/\/ironfx-com-php8.wp-dev.int.theitops.net\/?p=64243"},"modified":"2024-07-10T17:01:29","modified_gmt":"2024-07-10T14:01:29","slug":"us-cpi-rates-in-focus-3","status":"publish","type":"post","link":"https:\/\/www.ironfx-id.com\/ph\/us-cpi-rates-in-focus-3\/","title":{"rendered":"US CPI Rates in focus"},"content":{"rendered":"

We anticipate that the main focus for traders today may be the US CPI rates that are due during the American session. Should the CPI rates come in lower than expected, hinting at easing inflationary pressures, we may see the case made by Philadelphia Fed President Harker of skipping the meeting, being re-iterated by market analysts in addition to the market sentiment switching predominantly in anticipation of a hawkish pause by the FOMC in their meeting tomorrow. However, should the CPI rates indicate persistent inflationary pressures in the US economy, the aforementioned case may be diminished, with the markets potentially poising themselves for more rate hikes by the Fed. Across the pond we note that BoE\u2019s Mann stated yesterday that \u201cInflation expectations are now on the down swing\u201d , implying that the bank may need some time to re-evaluate the current impact of their monetary policy on the economy. Hence should, BoE Governor Bailey re-iterate yesterday\u2019s comments, we may see the pound weakening upon expectations that the BoE may be willing to keep its interest rate levels at par. In the Asian markets, we highlight Japan\u2019s Topix index, which is currently trading at levels last seen in 1990, highlighting the growing demand by Global funds in the Japanese economy. In the US equities we highlight that British chip designer Arm which shunned a London stock exchange listing in favour of a New York IPO, has been linked to Intel (#INTC), in which it is claimed that Intel is looking to be an anchor investor in the company\u2019s IPO.<\/p>\n\n\n\n

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