Upcoming US CPI Data Release Expected to Drive Market Volatility

The US Consumer Price Index (CPI) and Core CPI data will be released today at 08:30 ET.

Forecasts for the CPI (MoM) are at 0.6%, up from the previous 0.4%, while the CPI (YoY) is expected to rise to 3.6% from 3.4%. Core CPI (MoM) is forecasted at 0.2%, down from 0.3%, and Core CPI (YoY) is expected to increase to 2.5% from 2.4%.

Market participants are advised to prepare for potentially high volatility following the data release.