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Forex

US CPI in Focus as Markets Seek Clarity on Inflation Trend

Guavy AI Editorial Team
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USD
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The US CPI is set to be a major market mover today, with forecasters predicting headline inflation at 0.2% m/m SA and 3.4% y/y.

June's inflation numbers were lower-than-expected, leading markets to wonder if this marks the beginning of a trend or just a one-off.

The Brent crude price has been volatile overnight, briefly climbing above $90/bbl before reversing course due to renewed concerns over regional escalation in the Middle East.

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