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May 24 - 12:55 PM

USD: When Will China’s Lockdowns Hit The US Data?

By eFXdata  —  May 24 - 10:45 AM

Bank of America Global Research on the impact of China's lockdowns on the US data. 

"The impact of the Chinese lockdowns on the US economy will be felt mainly in the trade and inflation data. Starting in May, we expect a short burst of upward pressure on goods prices, which could slow the drop in yoy core inflation," BofA notes. 

"The Fed is likely on autopilot until September. It should have visibility on any sustained inflation impact of the China shock by then," BofA adds. 

BofA Global Research


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