Headlines the Economic Calendar on Wednesday
1. U.K. Consumer Price Index
The UK Office for National Statistics will release data on consumer price inflation for August today. Analysts expect annual CPI to come out at 1.9%, while core inflation is forecast to ease from 1.9% to 1.7%.
2. Eurozone Consumer Price Index
On the year-on-year basis, the Eurozone CPI is expected to stay at 1.0%. The core figure, without volatile energy and food prices, is seen holding steady at 0.9%, unchanged from the preceding month.
3. Canada Inflation Data
The Canada CPI is expected to come out at -0.2% m/m and y/y inflation is expected to stay at 2.0% in August. On the other hand, Core CPI is expected to rise to 2.2% from 2.0%.
4. US Crude Oil Inventories
US Crude oil stocks are expected to decline by -2.496M this week. Note that oil stocks declined by -6.912M barrels in last week.
5. Fed Interest Rate Decision
The Fed is scheduled to hold its policy meeting today. The market expects that the Federal Reserve will cut interest rates by a quarter-point. In the July meeting, the Fed cut rates for the first time in over a decade. Powell's speech will likely be parsed for clues on whether the central bank is leaning more dovish in the run-up to today’s Fed meeting.
18 Sep 19 (Wed)
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