US CPI & Retail Sales

US CPI & Retail Sales

American CPI and retail sales figures will come out at 15:30 MT time on January 12.
US Federal Reserve said in December that it expected to raise interest rates 3 times in 2018. Whether the Fed will be able to stick to this plan will depend, to a large extent, on US CPI figures. CPI stands for consumer price index. Headline CPI firmed, as expected, by 0.4% in November helped by higher energy prices. However, core CPI, which doesn’t contain food and energy prices, added only 0.1% and came below the forecast. As a result, to buy the USD on the release this time we will need good increases in both inflation indexes. Otherwise, the greenback will decline. 
Retail sales reading will come out simultaneously with inflation. We will see how many purchases Americans made before Christmas. This is an important indicator of the US economic health. 
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