American inflation at the heart of Tuesday’s session

American inflation at the heart of Tuesday’s session
American inflation at the heart of Tuesday’s session

All eyes will be on this Tuesday on the United States, where the inflation figures for the month of January will be published at 2:30 p.m. An element which, obviously, in the same way as employment figures, is taken into account in the Fed’s monetary policy decision-making process, from which we do not expect, however, a change of course during of the next meeting in March.

According to the Bloomberg consensus, consumer prices should have increased by 0.2% over one month, a little less than in December (+0.3%) and should have calmed down to 2.9% over one year. , against 3.4%. This would be the first time inflation fell below the 3% threshold since March 2021. Excluding volatile items such as food and energy, prices should have increased by 0.3%, as in December, and by 3%. .7% over one year, down 0.2 points compared to 3.9% the previous month.

What about economic sentiment in Germany?

In their recent speeches, FOMC members say they are satisfied – sometimes also a little surprised – that inflation has fallen so much while the labor market has remained so strong, underlines the Oddo BHF firm at the start of the week. Must unemployment now rise sharply so that the latest price pressures, especially concentrated in services, evaporate in turn? And if this is not the case, won’t inflation land at 3% rather than 2%? This is a question that Jerome Powell himself raised “.

Apart from this flagship meeting, we will monitor at mid-morning the ZEW index of economic sentiment as it is perceived in Germany by analysts and investors. It is expected at 17.5 points in February for its expectations component, an improvement of 2.3 points, but at -79 points for the current situation, a deterioration of 1.7 points.

As for international companies, Biogen, Coca-Cola, Hasbro and Marriott International present their accounts for the last quarter of 2023. In France, Broadpeak, Carmila, Haulotte Group, M6, SII and Vicat will share their turnover or results annuals.

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