- U.S. Consumer Price Index (CPI) to Slow for Third Consecutive Month. - Core Rate of Inflation to Hold at Annualized 1.7% for Second Month. Trading the News: U.S. Consumer Price Index (CPI) A further slowdown in the U.S. Consumer Price Index (CPI) may spark a bearish dollar reaction (bullish EUR/USD) as the majority of the Federal Open Market Committee (FOMC) remain in no rush to normalize monetary policy. What’s Expected: ...