Commodities steadied ahead of US opening as investors await US’ CPI data. The market anticipates that the country’s headline inflation eased to +1.2% y/y in February, from +1.6% a month ago. The core reading probably stayed unchanged at +1.6%. Some housing would also be released with housing starts expected to have gained +4.55% to 0.92M units while building permits risen +3.19% to 0.97M units.
Excerpt from:
Commodities Steadied ahead of FOMC Meeting
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