Amid a Hawkish Repricing, January CPI Inflation is in the Spotlight This Week
==========
This week, the focus is on key macro drivers such as US CPI inflation, retail sales, and consumer sentiment survey. The hawkish repricing in the US has led to a shift in rate cut expectations, with a 25bp cut now favored in June. In the euro area and the UK, growth has largely flatlined. US CPI inflation is forecasted to slow to 2.9% in January, while core inflation is expected to cool to 3.7%. Retail sales are anticipated to rise by 0.2% on a month-over-month basis. In the UK, earnings growth is expected to slow to 5.7% and the unemployment rate is projected to uptick to 4.0%. UK GDP data for Q4 is expected to come in flat, potentially leading to a technical recession. Sterling remains vulnerable to the downside. Overall, the economic calendar promises livelier activity compared to the previous week.
#UsInflation #RateCutPlans #MacroeconomicIndicators #CpiInflation #RetailSales #ConsumerSentiment #UkGdp #Sterling
https://www.fxempire.com/forecasts/article/amid-a-hawkish-repricing-january-cpi-inflation-is-in-the-spotlight-this-week-1408824
FX Empire /
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2024-02-11 13:16:26
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2024-02-11 13:16:26Event JSON
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"content": "Amid a Hawkish Repricing, January CPI Inflation is in the Spotlight This Week\n==========\n\nThis week, the focus is on key macro drivers such as US CPI inflation, retail sales, and consumer sentiment survey. The hawkish repricing in the US has led to a shift in rate cut expectations, with a 25bp cut now favored in June. In the euro area and the UK, growth has largely flatlined. US CPI inflation is forecasted to slow to 2.9% in January, while core inflation is expected to cool to 3.7%. Retail sales are anticipated to rise by 0.2% on a month-over-month basis. In the UK, earnings growth is expected to slow to 5.7% and the unemployment rate is projected to uptick to 4.0%. UK GDP data for Q4 is expected to come in flat, potentially leading to a technical recession. Sterling remains vulnerable to the downside. Overall, the economic calendar promises livelier activity compared to the previous week.\n\n#UsInflation #RateCutPlans #MacroeconomicIndicators #CpiInflation #RetailSales #ConsumerSentiment #UkGdp #Sterling\n\nhttps://www.fxempire.com/forecasts/article/amid-a-hawkish-repricing-january-cpi-inflation-is-in-the-spotlight-this-week-1408824",
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