On tap for Tuesday: February NFIB...>

US DATA PREVIEW: On tap for Tuesday: February NFIB Small Business Index;

February CPI; Mar Redbook retail sales m/m; $24B 10Y note auction (9128286B1).

- Danske economists "expect CPI core rose +0.2% m/m in February implying a core

inflation rate unchanged at 2.2% y/y. Moreover, we will keep an eye on the NFIB

Small Business Optimism Index on Tuesday, given the recession fears in financial

markets."

- Nomura economists expect core CPI to "show another steady increase of 0.2%

(0.199%) m-o-m in February, following a 0.240% increase in the previous month,

translating to 2.2% (2.174%) on a year-over-year basis. In recent months, core

CPI inflation has fluctuated due to volatile goods prices including used

vehicles, apparel and certain tariff targeted items. We expect aggregate core

goods prices to increase again in February, but at a slower pace relative to

January. Risks to our forecast appear to be concentrated in certain goods

prices."