US: CPI likely to grow by 0.2% - Rabobank

Sandeep Kanihama FXStreet Contributor

The US CPIs are due at 14:30 CET and the consensus expectation is for a 0.2% rise in both the core and the headline index, which would keep the annual rates unchanged at 2.3% and 2.9% respectively, suggests the research team at Rabobank.

Key Quotes

“The Fed is targeting core PCE inflation, which stood at 1.9% in June, but the CPIs are always a bit more timely. Even though inflation surprises have a bearing on the dollar, this year’s third rate hike in September is already basically a done deal as the hawks have the upper hand in the FOMC. It is hard to see how today’s data release would change any of this.”

Author

Sandeep Kanihama

FXStreet Contributor

Sandeep Kanihama is an FX Editor and Analyst with FXstreet having principally focus area on Asia and European markets with commodity, currency and equities coverage. He is stationed in the Indian capital city of Delhi.

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