US CPI Preview: Forecasts from 12 major banks, the first decelerating print in a long time CPI UnitedStates Inflation Banks Macroeconomics
data on Wednesday, May 11 at 12:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of 12 major banks regarding the upcoming US inflation print.
is expected to continue to act quickly to move interest rates higher. We expect another 50bp hike in June to build on the 50 bps hike announced last week.”“Core prices likely stayed strong in April, regaining momentum to 0.5% MoM after recording 0.3% in March. While used vehicles prices likely declined again, they probably fell less sharply than in the last report. We also look for renewed strength in shelter inflation. Our MoM forecasts imply 8.1%/6.
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