US consumer inflation data:
for June 2024due at 1230 GMT, which is 0830 US Eastern time
What to expect? This snapshot is from the ForexLive economic data calendar, access it here.
Taking
a look at the range of expectations compared to the median consensus
(the ‘expected’ in the screenshot above) for the key data points:
June
CPI Headline y/y range of estimates showing:
3.0% to 3.3%
June
CPI Headline m/m range of estimates showing:
0.0
to 0.2%
June
CPI excluding food and energy (the core rate of inflation) y/y range of estimates showing:
3.3 to 3.5%
June
CPI excluding food and energy (the core rate of inflation) m/m range of estimates showing:
0.1
to 0.3%
***
Why is knowledge of such ranges important? Check out the longer version of this post I popped up back during Asia time, link here.
This article was written by Eamonn Sheridan at www.forexlive.com.
