CPI & PPI Reports Later This Week


Stock index futures are higher on limited news.

There are no major economic reports scheduled for today.

The January consumer price index will be released on Tuesday. January retail sales will be released on Wednesday, and on Thursday we will get the January producer price index.

The technical aspects for stock index futures remain supportive.


The U.S. dollar index is a little lower despite recent hawkish comments from several Federal Reserve officials.

Interest rate differentials are neutral for the U.S. dollar index, and breakouts for the greenback are likely to fail in both directions.

The European Commission said the German economy will grow slightly this year, revising higher its previous prediction for a 0.6% contraction. The European Commission is now estimating 0.2% gross domestic product growth for Europe’s biggest economy in 2023.

The annual inflation rate in Switzerland increased to 3.3% year-on-year in January 2023, which is the highest reading since September 2022, from 2.8% in the previous month and above market expectations of 2.9%.


There are no Federal Reserve speakers scheduled for today.

However, recent Fed officials warned of higher interest rates than markets are anticipating.

Most likely the Federal Open Market Committee will increase its fed funds rate by 25 basis points at its March 22 policy meeting.

The long term outlook for futures is higher.


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