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This is for informational purposes only and does not contain — or to be considered as containing — investment advice, suggestion, or recommendation for trading.
The most impactful releases of this week will fill the market with volatility and sharp movements.
US CPI
May 10, 15:30 GMT+3
The US Bureau of Labor Statistics will release monthly and annual CPI on Wednesday, May 10, GMT+3. This is a change in the price of goods and services consumers purchase. Markets take these numbers as an inflation gauge, and the US Federal Reserve looks at the reading to adjust the monetary policy. It’s the most important economic data of the last year.
The annual inflation slowed to 5%, which is still way above the target of 2%. The Fed insists on tightening the policy until prices are under control. On the other hand, US Treasury wants a more loose policy due to the increasing pressure on US banks.