Powered by Smartsupp

Outlook for May 15, 2024

Long awaited US CPI day is here and we brace ourselves for the time 14:30 CET / 8:30 AM EST.

The market digested yesterday’s rebounced PPI readings with ease and seems to be in good mood for today’s figures, market sentiment indicator is still in slightly positive territory. Might be that Jerome Powell’s rather informal assessment of PPI’s as “mixed results” and further remarks about “no hike, rather this high for longer if no cut” calmed the market down.

But such expressions also raise a question whether the job is already done? Let’s see the readings and find out.

Have fun!

Latest news from moodix

Outlook for May 31, 2024

Outlook for May 31, 2024

We are approaching the key macro of the week - the month-on-month US PCE price index - an indicator that the Fed says is the main measure of inflation in the US economy. Market sentiment indicator state RiskOn from last week's run has moved into Neutral territory and...