All eyes on CPI, right down to the second decimal

It’s finally time for US CPI.

Here’s a recap of the March reading ahead of today’s data, which is due at the bottom of the hour. Here is what Goldman Sachs expects, including on a few of the components.

For the broader market, one decimal point won’t be good enough to fully suss out the strength of the report. The WSJ has a nice survey down to two decimal points on the m/m readings.

But it’s not just CPI at the bottom of the hour. We also get US retail sales, which could very well overshadow CPI. There’s also the Empire Fed and Canadian manufacturing sales.

Strap in.

This article was written by Adam Button at www.forexlive.com.