US: CPI likely to print 0.2% for August – Deutsche Bank

Sandeep Kanihama FXStreet Contributor

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.”

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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