Fiper | United States Consumer Price Index

The consumer price index determines the inflation rate from the point of view of consumers when they buy goods and services, and this indicator is considered one of the most watched indicators by traders and is considered a basic indicator for determining financial inflation and purchasing trends in society in the United States
The main objective that the Central Bank seeks is to achieve price stability, and one of the ways to fight inflation is the Central Bank seeks to raise the interest rate to help prices fall. High interest rates attract foreign investment, thus increasing the demand for the country's currency

The annual US inflation rate likely slowed for the third month in a row to 8.1% in September of 2022 which would be the lowest reading in seven months, compared to 8.3% in August. The monthly rate likely came in at 0.2%, just above 0.1% in August, with the cost of rent, shelter, hotels, education, airline tickets and auto insurance rising faster while gasoline prices fell nearly 7%, and used cars and trucks and vans. . healthcare. However, the core rate, which excludes volatile food and energy prices, is likely to rise 0.5% during the month, pushing the annual rate to 6.5%, which matches the March figure that was the highest since 1982, in a sign that pressures continue to rise inflationary The US CPI was at 296.17 points in August, compared to 296.28 points in the previous month and market expectations were at 295.53 points.

Expectations for today's statement and how it affects the currency

Expectations indicate a decline in inflation data to a rate of 8.1%
If the statement is issued below expectations, it will affect the currency in a negative way, but if the statement is issued at a rate higher than expected, it will affect the currency in a positive way.