The Consumer Price Index (CPI) measures the change in the price of goods and services from the perspective of the consumer. It is a key way to measure changes in purchasing trends and inflation.
A higher-than-expected reading should be taken as positive/bullish for the USD, while a lower-than-expected reading should be taken as negative/bearish for the USD.
Consumer price index forecasts from financial institutions:
Credit Suisse 8%
Barclays 8%
Scotia Bank 8.1%
Nomura 8.1%
Bank of Montreal 8.1%
Imperial Bank of Canada 8.1%
Bank of America 8.1%
Goldman Sachs 8.1%
Georgavin Capital 8.1%
JPMorgan 8.1%
Morgan Stanley 8.1%
Standard Chart 8.1%
Minutes of the Federal Reserve meeting: Inflation is still high and we will keep interest rates high
Federal Minutes: A very important point Making a mistake in raising interest costs much less than delaying inflation and not raising interest rates very positive for the dollar