Consumer Price Index 2018 Dates – United States
Consumer Price Index measures changes in the price of goods purchased by households. There’s also a Core Consumer Price Index which measures changes in the price of goods purchased by consumers, excluding food and energy. Consumer Price Index basically measures the cost of living. The FOMC usually pays more attention to the core data. Consumer Price Index and Core Consumer Price Index are both are released at the same time, monthly about 16 days after the month ends.
Why Do Traders Care About Consumer Price Index?
The main reason why we (traders) care is because consumer prices is an inflation indicator. Inflation plays a big role in evaluating the currency. Rising of prices lead the Central Bankers to raise their interest rates. An increase to the discount rate has a direct impact on the interest rate charged to consumers for lending products. Read more about why the Central Banks hike or cut their interest rates and its importance in the markets HERE.
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