US CPI

US CPI

CPI (consumer price index) is an important indicator of consumer inflation. The Federal Reserve takes this indicator into account when it makes decisions about the key interest rate. The Fed’s interest rate decision and monetary policy statement will be published on March 21, so the CPI release at 14:30 MT time on March 13 is highly important. If the index is higher than expected, the market’s confidence in the upcoming rate hikes will increase making the greenback go up.
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