How Will USD React To The US PPI?
The US PPI will come out on Thursday, May 12, at 15:30 MT time.
Since 2012 American inflation path is worrisome
The current level of American prices appears to be noticeably lower, compared to what it would be if the Fed had delivered on its 2% inflation objective. St. Louis Federal Reserve President James Bullard considered the given tendency to be quite worrisome.
In slides specially prepared for delivery in Tokyo, the American major banker told that in the USA prices are currently 4.6% below the price level path established in 1995-2012, when inflation was ascending close to the Fed's objective of 2% annually.
Of course, it’s not as tough as the 1990s Japanese experience. Nevertheless, it happens to be worrisome enough. That’s what Bullard told. By the way, he won’t vote on American monetary policy this year.
Too-low inflation has kept the Federal reserve from lifting interest rates more than three times since the Great Recession, though since late last year the vast majority of Fed policymakers have seen faster rate lifts ahead, citing definite improvements in the labor market.
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The US CPI will come out on Wednesday, May 11, at 15:30 MT time (GMT+3).
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Representatives from 15 oil-rich nations attend OPEC meetings. They discuss a range of issues regarding energy markets and, most importantly, agree on how much oil they will produce.
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The Big Release for the USD
The United States will publish the Preliminary GDP on Thursday, May 26, at 15:30 GMT+3.
Will New Zealand’s Central Bank Boost the NZD?
The Reserve Bank of New Zealand will publish a monetary policy report and make an update on the interest rate on May 25, at 05:00 GMT+3.
What’s New with Australian Unemployment Rate?
The Australian Bureau of Statistics will announce the updated Unemployment Rate and Employment Change data on Thursday, May 19, at 04:30 MT.
