"The consumer price index, which measures costs for a wide-ranging basket of goods and services across the $27.4 trillion U.S. economy, is expected to register increases of 0.3% both for the all-items measure as well as the core yardstick that excludes volatile food and energy."
"On a 12-month basis that would put the inflation rates at 3.4% and 3.7%, respectively, a 0.2 percentage point increase in the headline rate from February, just a 0.1 percentage point decrease for the core rate, and both still a far cry from the central bank’s 2% target."
Big report in the morning. If we get an unexpected high print, the market is primed for a large sell off. However, that is not the most likely scenario as the whisper numbers have put CPI inline with expectations. Would be hard to imagine the government putting out a bad number prior to the elections, especially with how other economic reports have been revised in the past year or so. I bet that they would manipulate the numbers before putting out a bad number and thus an in line print (either naturally or manipulated. Either way odds are low of a sustained market sell off).
We will see what happens in the morning at 8:30 est
