Search ForexCrunch

National Bank Financial’s analysis team suggests that the US consumer price index could have increased no less than 0.4% in April thanks to a steep rise in gasoline prices, which would allow the year-on-year rate to rise two ticks to 2.1%.

Key Quotes

“The core inflation rate, meanwhile, could have gained 0.2% m/m, pushing the 12-month gauge up one tick to 2.1%.”

“We’ll also keep an eye on the publication of trade balance data for March.”

“Finally, several Fed officials are scheduled to give speeches, notably Jerome Powell (Thursday), Lael Brainard (Wednesday and Friday), Patrick Harker (Monday), Raphael Bostic (Thursday and Friday) and John Williams (Friday).”