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Due to OIL Crisis in Middle East this CPI is expected to come higher than expected around 0.4% Core CPI. The market is Focused on Core CPI figure and if core is higher than expected risk assets may continue their sell off. And Dollar might strengthen.
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🔴 Bearish Case
Inflation comes in above forecast.
Core CPI m/m = 0.4%+
Core CPI y/y = 3.0%+
🟢 Bullish Case
Inflation comes in below forecast.
Core CPI m/m = 0.2% or lower
Core CPI y/y = 2.8% or lower
