The US Consumer Price Index (CPI) report for July, due on August 14, is expected to show a rise, which could influence the Federal Reserve’s upcoming rate decisions.
Market forecasts suggest inflation will increase by 0.2%, reversing last month’s 0.1% drop.
Markets are awaiting this data closely, as it will provide key insights into inflation trends and their impact on the Federal Reserve’s policy. The Core CPI, excluding food and energy, is predicted to rise 0.2% for July, up from 0.1% in June, with a slight YoY decrease to 3.2% from 3.3%.
The Producer Price Index (PPI), another crucial metric, is also set to be released next week. Estimates indicate it will hold steady at 0.2%, with Core PPI remaining unchanged.
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