US Inflation Pace in Focus... Consumer Price Index to be Released on the 10th
[Asia Economy Reporter Kim Hyunjung] The U.S. Consumer Price Index (CPI) will be released on the 10th. Attention is focused on it as the pace of inflation is expected to influence the Federal Reserve's tightening intensity.
Last December, the CPI rose 7.0% compared to the previous year, marking the highest level in 40 years since June 1982. The Personal Consumption Expenditures (PCE) price index for December also increased by 5.8% compared to the same period last year, reaching the highest level in 40 years as well.
Experts from The Wall Street Journal (WSJ) predicted that the January CPI rose 7.2% year-over-year, but the month-over-month increase was expected to moderate slightly to 0.4%.
This week, earnings reports from major companies such as Pfizer, Uber, Toyota, Walt Disney, Coca-Cola, Kellogg, SoftBank, BNP Paribas, Toyota, and Honda will be announced.
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On the 7th, consumer credit data will be released, and on the 8th, the NFIB Small Business Optimism Index will be published.
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