Fiper | Consumer Price Index

The consumer price index determines the rate of inflation from the point of view of consumers when they buy goods and services. This index is also considered one of the most important indicators that traders monitor and is considered a basic indicator for determining financial inflation and buying trends in society in the United States.
The main goal that the central bank seeks is to achieve price stability, and among the ways to fight inflation, the central bank seeks to raise interest rates to help prices fall. Higher interest rates attract foreign investment, thus increasing the demand for the country's currency
The annual rate of inflation in the United States probably slowed for the fifth month in a row to 7.3% in November 2022, the lowest level since December last year, and compared to 7.7% in October. The annualized core CPI, which excludes volatile food and energy, is expected to have risen 6.1%, slightly down from October's 6.3%. Compared to October, the consumer price index rose 0.3%, down from 0.4% in the previous two months, as lower prices for gasoline, used cars, Medicare services, clothing and a slowdown in hotels are likely. Also, the core index is expected to rise by 0.3%, which is the same as the previous month. Despite the slowdown, annual inflation is set to remain more than three times the Fed's 2% target, indicating a broad-based price increase across the economy. The strongest upward pressure continues to come from the services sector while commodity prices are seen to decline due to improvements in supply chains

Outlook for today's statement and how it will affect the currency

Expectations indicate that inflation data will decline to a rate of 7.3%
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