The US CPI inflation report will be in the spotlight of investors and traders as they expect it to reveal the impact of the Federal Reserve’s (Fed) restrictive monetary policy. The US dollar index reached a low of the month on Wednesday after some Fed board members seemed reluctant to suggest an increase in rates for November. On Friday, it will be China’s turn to release its CPI inflation data amid concerns over an economic growth slowdown.
International Monetary Fund’s (IMF) analysts wrote in a report that the US economy could grow by 2.1% in 2023 and 1.5% in 2024 with both figures being higher than the IMF forecast published in July. The same report suggested that the Bank of England (BoE) would need to keep interest rates high into 2024 as the UK tries to combat high inflation figures combined with anaemic economic growth.
Table of Contents
- US CPI September Report
- China CPI September Report
- UK GDP August Report
US CPI September Report
The US Bureau of Labour Statistics will release the US CPI for the month of September on Thursday. The report’s figures are expected to shed light on the Fed’s future plans regarding…