17 Nov 2015
US: CPI and industrial output to take the centre stage - BBH
FXStreet (Delhi) – Research Team at BBH, suggests that the highlights for the North American session include the October CPI and industrial output reports from the US.
Key Quotes
“These reports are unlikely to change anyone’s mind about what the Fed will do next month. Therefore, outside of some headline risk, the impact is likely to be minor.”
“Core CPI is expected to be unchanged at 1.9%. The headline pace is forecast to tick up to 0.1% from zero. Industrial output is expected to snap a two-month contraction to post a small increase. Industrial output has fallen every month this year, except July. Manufacturing output has fared better, but it too fell in August and September. It is expected to have risen slightly in October.”
“Fed Governors Powell and Tarullo speak today. Tarullo may be the more interesting of the two. He speaks late in the last half hour of the trading session. Last month, he was not inclined to support a rate hike this year.”
Key Quotes
“These reports are unlikely to change anyone’s mind about what the Fed will do next month. Therefore, outside of some headline risk, the impact is likely to be minor.”
“Core CPI is expected to be unchanged at 1.9%. The headline pace is forecast to tick up to 0.1% from zero. Industrial output is expected to snap a two-month contraction to post a small increase. Industrial output has fallen every month this year, except July. Manufacturing output has fared better, but it too fell in August and September. It is expected to have risen slightly in October.”
“Fed Governors Powell and Tarullo speak today. Tarullo may be the more interesting of the two. He speaks late in the last half hour of the trading session. Last month, he was not inclined to support a rate hike this year.”