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The monthly inflation report for August will be coming out later today during the US trading session. Inflation expectations, based on the economists polled, point to a moderation in the data.

Economists forecast that inflation will rise 0.1% on the month in August. This comes after a 0.3% increase in July.

Meanwhile, on a year over year basis, headline inflation will likely remain steady at 1.8%.

The core inflation rate, which excludes the volatile food and energy prices, is expected to rise by 0.2%, slowing from the 0.3% increase in July. This is expected to bring the yearly core inflation rate to rise 2.3% on the year, up from 2.2% previously.

Inflation remains subdued although it is close to the Fed’s 2.0% inflation target rate. Following a strong performance in July, consumer prices could recede from the highs in July.

The inflation data comes ahead of the September Fed meeting. Investors are discounting a quarter basis point rate cut. The cut comes amid a mix of slowing g...

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