02/21/2016 - Multi-year high in core CPI revives Fed rate hike expectations

Forex

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* Multi-year high in core CPI revives Fed rate hike expectations
* Market Movers: Weekly Technical Outlook
* Look Ahead: Stocks
* Look Ahead: Commodities
* Global Data Highlights

After getting clobbered in the first two weeks of February, last week's recovery in the US dollar was hardly surprising. What was more surprising though was the fact that it was actually driven by decent US economic data.

Last week, we noted the stronger-than-expected January US Retail Sales report, noting that the report represented "just the most recent evidence that the US economy is, at worst, continued to muddle through," and that "it's hard to square the decent economic data with the sharp declines in investor sentiment." Today's consumer price index report represents... Full text »


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