What to Watch in the Day Ahead - Wednesday, March 11

Reuters
03/11
What to Watch in the Day Ahead - Wednesday, March 11 

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On the US economic front, the Labor Department's Bureau of Labor Statistics is scheduled to report that the consumer price index $(CPI)$ likely rose 0.3% in February, after rising 0.2% in the month before. Annually, CPI inflation is expected to have remained steady at 2.4%. Core CPI likely rose 0.2% in February, after increasing 0.3% in the previous month. On an annual basis, core CPI also likely remained unchanged at 2.5%. The Bureau of Fiscal Service is expected to post February's federal budget data, which is likely to report a deficit of $75.85 billion, from an earlier $95 billion deficit.Federal Reserve Vice Chair for Supervision Michelle Bowman is scheduled to speak on "Supervision and Regulation" at the American Bankers Association Washington Summit (0830/1330). Packaged food company Campbell's is expected to post second-quarter results. Investors will look for comments on tariff volatility, pricing actions, snacking demand and annual forecasts. Bumble is expected to post its fourth-quarter earnings. Investors will closely watch for signs of improvement as the company navigates intensifying competition in the online dating market. On the Latin American economic radar, Brazil's IBGE is likely to release data for January's retail sales, which are forecast to decline 0.1%. On an annual basis, retail sales likely rose 1.65%. Separately, Brazil's central bank is also expected to release foreign exchange flows data for the week that ended on March 6.

(Compiled by Rahul Raj in Bengaluru; Edited by Vijay Kishore)

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