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Inflation: US consumer price increases expected to slow in August as investors eye September rate cut
On Wednesday, investors will digest one of the most important data points that will shape future Federal Reserve interest rate policy: August's Consumer Price Index (CPI). The report, set for release at 8:30 a.m. ET, is expected to show headline inflation of 2.5%, a deceleration from July's 2.9% annual gain in prices. Over the prior month, consumer prices are expected to have risen 0.2%, matching July's monthly increase. On a "core" basis, which strips out the more volatile costs of food and gas, prices in August are expected to have risen 3.2% over last year, unchanged from July's increase. Economists also expect ... (full story)
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- Posted: Sep 11, 2024 7:52am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 7,699
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