U.S. CPI inflation likely increased by 0.2% in July
Aug 19, 2015 05:39 am UTC| Commentary
U.S. CPI for July and the FOMC Minutes are seen as the main macro highlights today."A +0.2% m/m rise in headline CPI, as the declines in the wholesale energy complex have not flowed through to the consumer space. For core...
Sustained CNY depreciation may trigger more capital outflows
Aug 19, 2015 05:28 am UTC| Commentary
Though only capturing the first-round affects, the exercise suggests that for a more meaningfully impact on growth, the currency would need to depreciate by around 20-30%.However, such a large devaluation could have...
Currently CNY depreciation would have limited growth impact
Aug 19, 2015 05:25 am UTC| Commentary
Most of Chinas July real activity data came in weaker than expected amid unfavourable weather conditions. Industrial production (IP) growth slowed to 6.0% y/y (Q2: 6.3%).While the slowdown partially reflects some base...
Downside risks likely to CNY in near term
Aug 19, 2015 05:21 am UTC| Commentary
The PBoC announced on 11 August a move to improve the pricing mechanism of the daily fixing rate, with a reference to the previous days closing rate as well as taking into account FX market supply-demand and other currency...
U.S. July Consumer prices likely decelerated further
Aug 19, 2015 05:19 am UTC| Commentary
U.S. consumer price index data for July is scheduled to release today. Capped by projected slowdowns in retail energy costs, the Consumer Price Index (CPI) probably climbed by 0.2% in July - the smallest increase since...
UK core inflation in August is likely to fall slightly
Aug 19, 2015 05:16 am UTC| Commentary
UK CPI inflation increased to 0.1% y/y in July, from 0.0% y/y in June. The small increase in CPI inflation was due mainly to the timing of summer sales last year, as prices fell in July instead of June last year. Core...
Implications for policy sensitive US consumer inflation gauges
Aug 19, 2015 05:09 am UTC| Commentary
Market participants rightfully pay considerable attention to individual items in the BLS CPI report. However, those with their hands on the levers of monetary policy remain more concerned with their implications for PCE...
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