CPI data revealed – today’s turning point
Today at 08:30 EST, the US Consumer Price Index (a significant indicator of the current inflation rate) comes to light. The expected index is 6.0% (a 0.4% decrease in CPI).
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Find out more about CPI in our article.
Possible scenarios are:
- Positive: CPI below 6.0
Indicates rapid decrease in inflation;
- Neutral: CPI in the range of 6.0-6.3
Would signal a moderate decrease in inflation;
- Negative: CPI 6.4 and above
A sign of the US monetary policy's ineffectiveness.
Anyway, a volatile day is ahead, so buckle up and exercise caution in your traiding decisions!
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