Here comes the Consumer Price Index …
|05/12/2017||Posted by BusinessMediaguide.Com under General World News||
The Bureau of Labor Statistics will release its monthly Consumer Price Index (CPI) at 8:30 a.m. ET.
CPI is a gauge of inflation, but the Federal Reserve prefers to use the personal consumption expenditures price index, which tracks what consumers actually buy more comprehensively.
Here’s a preview of CPI from Wells Fargo’s Sam Bullard:
Consumer prices fell in March for the first time in more than a year, largely due to a drop in gasoline prices. Also contributing to the soft March reading was a 0.1% drop in the core index, the first monthly decline in more than six years. read more >>>