Markets Calm Ahead Of Us Cpi China Inflation Flatlines Financial Mirror Markets now see another hike as being almost 90% likely, which seems fair under the circumstances. weak chinese demand sees inflation flatline. the data from china overnight paints quite the opposite picture. an economy struggling on the demand side, despite initially rebounding strongly following the abolition of zero covid. Firstly, the us inflation reading, which is expected to rise to 3.4%—a number that is well above the fed target of 2%. the us cpi y y reading for the previous month was at 3.2%, and the concern is that this number has actually started to travel in the wrong direction, which means that rather than inflation moving to the downside, we are.
Marketmind Calm Before The Us Inflation Storm Cna Markets now see another hike as being almost 90% likely which seems fair under the circumstances. weak chinese demand sees inflation flatline in june the data from china overnight paints quite the. The market will have a chance this week, with u.s. inflation readings in the form of the producer price index (ppi) on tuesday followed by the consumer price index (cpi) on wednesday. Asian stocks rebounded on tuesday following the positive cues from european markets overnight, while u.s futures moved higher after their markets were closed for a holiday. while the improving sentiment could support equity bulls in the near term, caution lingers in the air with investors likely to adopt a guarded approach towards risky assets. The consumer price index on wednesday is expected to show core cpi rose 0.3% month over month in april, down from 0.4% the prior month, according to a reuters poll.
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