US inflation rate expected to rise above 7

There is decidedly little happening in the markets this week apart from a fairly sharp rebound in equities, buoyed by strong corporate results, but that could change today. Bond yields have stabilised and are even falling in Europe this morning as we await US inflation figures for January (2.30pm CET). A further increase above 7% is expected, while core inflation could rise to around 6%. This report could be decisive for the Fed’s first rate hike in March: +25bp or +50bp?

Energyscan economics news

We will also be watching weekly jobless claims in the US: their decline should be confirmed, in line with the ebbing of the Omicron wave. The EUR/USD exchange rate is stable at around 1.142-1.143.

Share this news :

You might also read :

ES-oil
July 22, 2021

Oil prices sharply on the rise

The Brent 1st-nearby price jumped higher from below $69/b to above $72/b, while the WTI posted an even-bigger rebound from around $66.5/b to $70.3/b now. Crude…
ES-oil
July 2, 2021

Extended stay in Vienna

Yesterday’s meeting for OPEC+ members was adjourned, despite a partial agreement reached between the two heavyweights of the group, Saudi Arabia and Russia. The agreement…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Don’t have an account yet? 

[booked-calendar]