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Dr Brittany Baumann, economist at TD.....>

DATA REACT
DATA REACT: Dr Brittany Baumann, economist at TD Securities in Toronto said that
the CPI report will be a relief to the Fed "The resilient strength in services
prices will be of particular note to Fed President Dudley, who flagged in his
speech yesterday that the services category is key to price pressures this year
amid more negative, structural influences on goods prices."
- She added "both reports support the case for a continued path of rate
normalization. The CPI report in particular will come to great relief to more
dovish Fed officials and signals that taking the next step in removing
accommodation may come sooner rather than later." 

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