US: CPI likely to print 0.2% for August – Deutsche Bank
|Analysts at Deutsche Bank point out that the consensus for US CPI this afternoon is another +0.2% mom core print for August – the 35th month in a row with such a forecast – which should be enough to keep the annual reading at +2.4% yoy.
Key Quotes
“Our US economists actually expect the latter to round down to +2.3%, however the three and six month annualized changes should firm to +2.45% and +2.12% respectively so it should continue to ensure that the Fed remain resolute in their tightening mode.”
“Last Friday’s strong AHE print and Tuesday’s JOLTS data signalled that inflationary wage pressures should continue, so the inflation pulse does seem to still be on the up for the US right now.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.