Coming up at 0830 US Eastern time is the April inflation data from the US::
- This snapshot from the ForexLive economic data calendar, access it here.
- The times in the left-most column are GMT.
- The numbers in the right-most column are the 'prior' (previous month/quarter as the case may be) result. The number in the column next to that, where there is a number, is the consensus median expected.
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The below is via the folks at eFX.
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- BNP Paribas anticipates another month of discouraging CPI prints in line with consensus for the headline, forecasting a 0.4% month-on-month rise, slightly above consensus with a 0.4% expected gain in the core.
- Fed officials, according to BNP Paribas, will likely be cautious in acknowledging progress on the inflation front, wary of a potential false dawn. Policymakers will need to see several more months of sustained improvement before they consider modifying their inflation assessment.
