Wednesday preview: US CPI, ECB's Lagarde in the spotlight

updated: 12 January 2021 at 7:31pm Author: Alexander Bueso

(Sharecast News) - Financial markets' focus in the middle of the week will be on a reading for US consumer prices.
Headline inflation is expected to edge higher from 1.2% year-on-year pace in November to 1.3% for December, while at the so-called 'core' level, the rate of CPI gains is expected to slow by one tenth of a percentage point to 1.6%.

Economists at Barclays anticipate that core CPI will pick up to 2.5% in the second quarter of 2021 before slowing towards 1.7% in the back half of the year, a level that economists believe leaves the Federal Reserve ample room to maintain easy monetary policy.

Also due, albeit after the London close, is the Fed's Beige Book, a compendium of anecdotal evidence for activity and policy gathered by the central bank's regional branches which is published roughly two weeks ahead of each of the Fed's rate-setting meetings.

Earlier, at 0900 GMT, the head of the European Central Bank, Christine Lagarde, will participate in a question and answer session at an event hosted by Reuters.

No major economic releases are scheduled in the UK.

Wednesday 13 January


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