Good morning, Traders!
It is Thursday the 10th of August. Today we get US CPI as well as other important data.
Sentiment
As traders awaited the release of US CPI data, the dollar fell slightly, while Treasuries were little changed. Concerns about energy supply have reignited inflationary fears, with WTI crude oil hovering at a nine-month high and European natural gas prices remaining volatile.
The outlook for carry trades has also been scrutinized ahead of the Mexican Central Bank's policy decision later Thursday.
According to analysts, a monthly report on US consumer prices will show a second straight reading for so-called core inflation that is consistent with the Federal Reserve's 2% target on an annualized basis.
President Biden imposed restrictions on US investments in China as part of an effort to limit the country's ability to develop next-generation military and surveillance technologies that could endanger US national security.
Docket
08:30 AM ET
US CPI for July
YoY - Median Forecast: 3.3% | Prior: 3% | Range: 3.5% / 3.1%
MoM - Median Forecast: 0.2% | Prior: 0.2% | Range: 0.5% / 0.1%
Core YoY - Median Forecast: 4.7% | Prior: 4.8% | Range: 4.9% /4.6%
Core MoM - Median Forecast: 0.2% | Prior: 0.2% | Range: 0.4% / 0.1%
For a designated prep article for US CPI, CLICK HERE
Weekly US Jobless Claims Data
Initial - Median Forecast: 230K | Prior: 227K | Range: 240K / 215K
Continued - Median Forecast: 1.707M | Prior: 1.7M | Range: 1.72M / 1.68M
11:30 AM ET
US sells $75 bln 4-Week Bills
13:00 PM ET
US Sells 23 bln in 30-Year Bonds
Speakers
15:00 PM ET
Fed's Bostic gives pre-recorded virtual welcoming remarks at a Fed webinar entitled Connecting Communities: Shifting Perspectives and Expectations on Employment.
Livestream: https://fedcommunities.org/event/connecting-communities-shifting-perspectives-expectations-employment/
Text Release: No
Q&A: No
16:15 PM ET
Fed's Harker speaks at virtual event about shifting perspectives and expectations on employment.
Livestream: https://fedcommunities.org/event/connecting-communities-shifting-perspectives-expectations-employment/
Text Release: Yes
Q&A: No
Good luck!
