CPI
Update: -0.5Percent
Estimate: -0.3Percent

Core CPI
Previous: 0.2Percent
Estimate: 0.2Percent

What do you think will the Amount be?

Its been months since the last US Rate Hike. THAT is already a very long time ago and the result should have withered down today.

I am guessing that it is going to come out 0.2~0.3percent

Is shipping part of CPI? I heard Car Sales is falling. .

CPI should be important today. It will determine WHEN FED will start dropping rates. . Expectation was to fall rates as soon as Q1, but if CPI is still raised, rate cut could happen as late as June 2007 (annually after the final rate hike).

Umm... I had been wondering; is there a correlation between PPI and CPI? Last Tuesday PPI was WAY lower than expectation YET USD managed to gain 300 pips vs GBP this week (USD Love Week?)