December 9, 2022

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a high inflation reading expected from the US on Friday 25 June 2021

1 min read

  • Chairman Powell tried to calm markets … stating that price increases should prove temporary and that the Fed will be patient in increasing borrowing costs.  
  • However … the core deflator is forecast to print at 3.4% y/y.

The Core PCE deflator is an inflation indicator, its due at 1230 GMT

  • expected at 3.4% y/y, up from 3.1% the month before
  • some solace may be taken from the m/m which is expected at 0.6% from 0.7% the previous month

Other data from the US at the same time covers income and spending data. 

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