US Inflation Data to Show Another Modest Increase, Cementing Fed Cut

From bnnbloomberg.ca

Forecasters expect a monthly report on US consumer prices to show another modest increase last month, reinforcing widespread expectations for a Federal Reserve interest-rate cut in September. The figures, to be published Wednesday by the Bureau of Labor Statistics, will probably show the consumer price index, and a “core” gauge excluding food and energy, both advanced 0.2% in July, according to the median estimates in a Bloomberg survey. Such a reading would mark the smallest three-month increase in core inflation since early 2021, just before the broad rollout of Covid-19 vaccines that spurred a reopening boom ... (full story)