The highlight of the coming week will be the US consumer price index on Tuesday. After a hotter than expected release in January, markets will be watching for any further upside surprises or signs price pressures are more persistent than hoped. This will be the last major release ahead of next week's Fed meeting, as markets get increasingly confident the first rate cut of this cycle will come within the next three months. Locally, we'll be watching the ANZ truckometer and electronic card transactions on Tuesday, as well as the latest migration figures and the Real Estate Institute of New Zealand (REINZ) housing market report for February.