Today, the preliminary figures for the Eurozone Consumer Price Index and the US PCE deflator will be announced. All of these are attracting a great deal of attention as having a major impact on the course of future monetary policy.
The February US PCE deflator is highly novel compared to the Eurozone. Growth is expected to slow down from +5.4% in the previous year to +5.1% from the previous year. The core deflator is expected to be +4.7% from the previous year, the same level as last time. The February US consumer price index, released on March 14, was up 6.0% year-on-year, slowing down from the previous +6.4%. The core year-on-year growth was +5.5%, a slight slowdown from the previous +5.6%. If the CPI and PCE deflator results show different trends, it will probably surprise the market, but no extreme results are expected at the forecasting stage.
21:30 Pay attention to the movement of the US dollar after the US PCE deflator. I want to keep up with the movement here.
