Below is the list of today’s economic indicators. Moreover. out of the list CPI comes with maximum importance. If the inflation index touches the higher edge then there is a maximum possibility of hike in interest rate.
USD: CPI m/m at 6:00 PM
Measures: Change in the price of goods and services purchased by consumers
Released monthly, about 16 days after the month ends
Next Release Date: July 13, 2022
Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate
Forecast- [0.7%]
Previous- [0.3%]
Actual- ?
Impact- The forecast figure seems to be negative for base metals and the dollar while positive for bullions. The actual figure to release at 6:00 PM.
USD: Core CPI m/m at 6:00 PM
Measures: Change in the price of goods and services purchased by consumers, excluding food and energy
Released monthly, about 16 days after the month ends
Next Release Date: July 13, 2022
Food and energy prices account for about a quarter of CPI, but they tend to be very volatile and distort the underlying trend. The FOMC usually pays more attention to the Core data – so do traders
Consumer prices account for a majority of overall inflation. Inflation is important to currency valuation because rising prices lead the central bank to raise interest rates out of respect for their inflation containment mandate
Forecast- [0.5%]
Previous- [0.6%]
Actual- ?
Impact- The forecast figure seems to be neutral for base metals and the dollar while positive for bullions. The actual figure to release at 6:00 PM.
USD: Prelim UoM Consumer Sentiment at 7:30 PM
Measures: Level of a composite index based on surveyed consumers
Released monthly, around the middle of the current month
Next Release Date: July 15, 2022
There are 2 versions of this data released 14 days apart – Preliminary and Revised. The Preliminary release is the earlier and thus tends to have the most impact
Financial confidence is a leading indicator of consumer spending, which accounts for a majority of overall economic activity
Forecast- [58.1]
Previous- [58.4]
Actual- ?
Impact- The forecast figure seems to be neutral for base metals and the dollar while positive for bullions. The actual figure to release at 7:30 PM.
For more day to day economic indicators stay tuned with us!