Morning Juice – US Session Prep

Morning, Traders!
It is Tuesday the 13th of February, the day of the much anticipated US inflation data.
Here are some things to look out for today.

Sentiment
Fed-dated swaps anticipate around 3bp of easing for the March policy meeting and 16bp for the May policy meeting, as well as around 112bp of cuts for the entire year, and US equities were expected to open lower on Tuesday. The dollar dipped as traders awaited the release of key US inflation figures, which could provide further hints on the Federal Reserve’s policy outlook, which is heavily reliant on data.

Docket
08:30 ET
US CPI for January
YoY – Median Forecast: 2.9% , Prior: 3.4% , Range: 3.3% / 2.8%
MoM – Median Forecast: 0.2% , Prior: 0.3% , Range: 0.3% / 0%
Core YoY – Median Forecast: 3.7% , Prior: 3.9% , Range: 3.9% / 3.6%
Core MoM – Median Forecast: 0.3% , Prior: 0.3% , Range: 0.4% / 0.1%

US CPI prep Article – Read Here

Good luck!