Bloomberg
Watch U.S. Inflation for Hidden Price Momentum: Eco Week Ahead
(Bloomberg) — A flurry of U.S. economic reports this week may signal the underlying strength of growth and inflation pressures as the country’s thaw from the coronavirus crisis begins to spread.One of the most-watched reports will be the consumer price index, with March data likely to show a heady acceleration from last year’s pandemic conditions. Economists may zero in on the monthly change to gauge momentum however, with a 0.5% gain forecast.Investors are watching such figures to determine the odds of elevated price pressures becoming self-sustaining, amid possible supply-chain constraints, massive fiscal and monetary stimulus and pent-up consumer demand.The March retail sales report will likely bear out that…
Source link
