If you want to keep up with economic events this week, you must focus on inflation reports. Core Price Indices will be released within the next few days from all around the world: the United States, Asia, Europe. These reports will have a great bearing on the future actions of central banks as inflation is the key determinant in whether to increase interest rates or not.
In particular, the US inflation data is expected on Wednesday. The forecasted numbers are 0.3% in price increases and 0.2% in core inflation.
Similar data is expected from the United Kingdom today, where analysts are looking for an increase by 0.1% from the December numbers. The UK right now is dealing with more rapid inflation than the rest of the biggest economies in the world, largely due to Brexit problems. This makes an interest rate increase by the Bank of England very likely.
On Wednesday we would also get an inflation report from Germany, Europe’s leading economy. The forecasted increase there is 1.6% for consumer prices. There will also be reports from France and Spain.
