We will have market movers event as ECB Lagarde speak on future guidance and U.S. CPI release.
Financial conditions have tightened, trade spillovers have grown more significant, and the possibility of output cutbacks as a result of interruptions in the energy supply has risen. In addition, rising oil and gas prices will have a greater impact on families than previously thought.
It comes as European Central Bank officials meet in Frankfurt to discuss the impact of the invasion. Russia’s onslaught has driven policymakers back into crisis mode, despite the fact that the conference had been touted as a gathering to plan an exit from large-scale asset purchases and negative interest rates.
The US Bureau of Labor Statistics will release the February Consumer Price Index (CPI) data on Thursday, March 10 at 13:30 GMT and as we get closer to the release time, here are the forecasts by the economists and researchers of 9 major banks regarding the upcoming US inflation data.
CPI and core CPI are expected to reach fresh 40-year highs at 7.9% and 6.4%. Some analyst says 8% print is possible.