It will be the hottest week of September, with four central banks’ meetings, five PMI releases, and a lot to trade.
US Inflation: Will It Skyrocket Further?
What will happen?
The United States will publish a headline and core inflation rate on July 13, at 15:30 MT time. These two indicators show the change in the price of goods and services purchased by consumers last month. The core type excludes volatile prices for food and fuel. Last time, the release greatly outperformed the forecast with 0.7% (vs. 0.5% expected). Given the fact that the inflation rate is moving higher than the Fed’s target of 2%, the release will attract the attention of traders.
How to trade on the US Headline and Core Inflation Rate?
If you want to trade on the inflation data, follow the economic calendar, compare the release with the forecasts and place an order afterward.
- If the actual figures are higher than the forecasts, the USD will rise;
- Alternatively, the USD will weaken.
Instruments to trade: EUR/USD, GBP/USD, USD/JPY
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