This article was first published on Orbex Forex Trading Blog.
This content is synced from the rightful owners. Copyright on text and images belong to the original source.
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...
To keep reading this article, please navigate to: Orbex Forex Trading Blog.