US CPI data due imminently. The ranges of estimates (& why they’re crucial to know)

Due at 8.30 am US Eastern time (1330 GMT):

For the full information on this post, and more, see these posted earlier:

• US CPI data due Wednesday, here are the ranges of estimates (why they’re crucial to know)
• What is the distribution of forecasts for the US CPI?

CPI Headline y/y, expected 2.9% with the range showing:

• 2.9 – 2.9% (yes, really)

CPI Headline m/m expected 0.3% with the range showing:

• 0.2 to 0.4%

CPI excluding food and energy (the core rate of inflation) y/y expected 3.1% with the range showing:

• 3.1 – 3.2%

CPI excluding food and energy (the core rate of inflation) m/m expected 0.3% with the range showing:

• 0.2 to 0.4%

Powell later will repeat himself but the Q&A could contina some comments that differ – not too jcuh, he isn;t going to change his core message.

This article was written by Eamonn Sheridan at www.forexlive.com.