The big risk event this week has seen US price pressures slow as re-opening hotspots ease. The headline rose 0.3% m/m which was one-tenth below the 0.4% estimate, while the core rose a mere 0.1% with analysts forecasting a 0.3% rise. The y/y rates also moderated, to 5.3% from 5.4% for the headline and 4% form 4.3% in the core.
Used car prices – one of the now well-known drivers of higher prices – fell 1.5% which was the largest drop since November 2016 and ended a series of five straight monthly increases. The biggest rises were in energy and food prices which may hit consumer spending… Read More:
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