Earlier:
- CIBC: Analyzing the implications of February’s US CPI report for the Fed
- The breadth of US inflation pressure narrowed – RBC
Including to the responses, that is in short from Financial institution of Montreal:
- Regardless of the stronger-than-expected core-CPI print of +0.4% for February … the interpretation being that there was nothing inside the information to dissuade traders from persevering with to view June because the most probably departure level for the Fed’s normalization plans.
- … the steadiness of dangers linked to subsequent week’s FOMC assembly. Our baseline assumption stays a balanced (which will probably be learn as dovish) strategy to the near-term shift in financial coverage.
- … as subsequent week’s up to date SEP approaches, the 2024 fed funds projection is the largest wildcard.
This text was written by Eamonn Sheridan at www.forexlive.com.