Economic Report:Import Prices (MoM)
Released by:U.S. Department of Labor
Release Date/Time:8:30 a.m. mid-Month
Website:http://www.bls.gov/
Description:The Import Price Index released by the US Department of Labor informs the changes in the price of imported products into the US.The higher the cost of imported goods, the stronger the effect they will have on inflation, redunding in a higher probability of a rate rise. Generally, a high reading should be taken as positive (or bullish) for the USD, while a low reading is seen as negative (or bearish).