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US inflation, crude oil shock, and crypto's breakout: GO Markets week ahead
US inflation data on Wednesday is the week's centrepiece, but with oil nearing seven-month highs, Bitcoin (BTC) sentiment shifting, and the Australian dollar at three-year highs, traders have plenty to navigate in the week ahead. Last month’s US inflation reading showed prices rising 2.4% year-on-year, still well above the Fed's 2% target. February's inflation rate, due Wednesday, will be scrutinised for signs that tariff pass-through or rising energy costs are pushing prices back up, or whether the slow grind lower is still intact. The March FOMC meeting on 17–18 March is now priced at only an 4.7% probability ... (full story)
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Economists expect February’s Consumer Price Index report to show rising consumer prices and inflation stuck well above the Fed’s 2% target. The year kicked off with softer-than-expected inflation in January, thanks to early dips in durable goods and energy prices. While the Iran War has caused oil prices to spike over the last week, economists say ...
Inflation likely was elevated last month even before the spike in oil and gas prices of the past two weeks that is expected to send consumer costs soaring in the months ahead. Consumer prices are forecast to have risen 2.5% in February from a year earlier when the Labor Department reports last month’s figures Wednesday, according to a survey of economists ...
Inflation stayed stubbornly elevated last month as gas prices rose in a snapshot of what consumer prices looked like before the U.S.-Israeli attack on Iran sent energy costs soaring. Consumer prices rose 2.4 per cent in February compared with a year earlier, the Labor Department said Wednesday, matching January’s 2.4 per cent increase. Excluding the ...
