The Bureau of Labor Statistics (BLS) will publish the highly anticipated Consumer Price Index (CPI) inflation data from the United States (US) for August on Wednesday at 12:30 GMT.
The US Consumer Price Index is forecast to rise 2.6% YoY in August, at a softer pace than July’s 2.9% increase. Annual core CPI inflation is expected to hold steady at 3.2%. The inflation data could alter the odds of a 50 bps Fed rate cut in September and rock the US Dollar. The Bureau of Labor Statistics will publish the highly anticipated Consumer Price Index inflation data from the United States for August on Wednesday at 12:30 GMT.
On a positive note, the Unemployment Rate edged lower to 4.2% from 4.3% in July and the annual wage inflation, as measured by the change in the Average Hourly Earnings, rose to 3.8% from 3.6%. The market positioning suggests that it will take a significant miss in the CPI data for investors to reconsider a large rate reduction next week.
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