Inflation is on the rise in the US and some suspect a rate hike is coming. Perhaps not so fast. Here is their view, courtesy of eFXdata: “By the magic of seasonal adjustment and methodology revisions, US CPI managed to be both a bit hotter and a bit cooler than expectations at the same time. On a month over month basis, headline prices were only flat (revisions to seasonal adjustment were a factor here) against expectations for a 0.1% advance, but the 12 month inflation rate fell to 1.6% (vs. a dip to 1.5% expected). Cheaper gasoline prices are key to the low 12 month rate. Core price were up 0.2%, on expectations, with the 12 month rate holding at 2.2% (a tick above consensus). There wasnt much of an impact to adding “bundled” prices for telecom services,” CIBC notes. “Overall, while core CPI is above 2%, the core PCE that the Fed tracks will still be close to the 2% target. Nothing in this to sway the Fed from doing what its doing now, which is nothing at all on rates until the economy provides more evidence on how its holding up in 2019,” CIBC adds. For lots  more FX trades from major banks, sign up to eFXplus By signing up for eFXplus via the link above, you are directly supporting  Forex Crunch. Yohay Elam Yohay Elam Yohay Elam: Founder, Writer and Editor I have been into forex trading for over 5 years, and I share the experience that I have and the knowledge that I've accumulated. After taking a short course about forex. Like many forex traders, I've earned a significant share of my knowledge the hard way. Macroeconomics, the impact of news on the ever-moving currency markets and trading psychology have always fascinated me. Before founding Forex Crunch, I've worked as a programmer in various hi-tech companies. I have a B. Sc. in Computer Science from Ben Gurion University. Given this background, forex software has a relatively bigger share in the posts. Yohay's Google Profile View All Post By Yohay Elam Opinions share Read Next Morgan Stanley: Markets not expecting Fed to hike again this year FX Street 3 years Inflation is on the rise in the US and some suspect a rate hike is coming. Perhaps not so fast. Here is their view, courtesy of eFXdata: "By the magic of seasonal adjustment and methodology revisions, US CPI managed to be both a bit hotter and a bit cooler than expectations at the same time. On a month over month basis, headline prices were only flat (revisions to seasonal adjustment were a factor here) against expectations for a 0.1% advance, but the 12 month inflation rate fell to 1.6% (vs. a dip to 1.5% expected). Cheaper gasoline prices are key… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
