Inflation & Prices
US Inflation Data to Show Another Modest Increase, Cementing Fed Cut
- Core gauge seen posting smallest three-month rise since 2021
- Rents, used cars and airline fares are key items to watch
This article is for subscribers only.
Forecasters expect a monthly report on US consumer prices to show another modest increase last month, reinforcing widespread expectations for a Federal Reserve interest-rate cut in September.
The figures, to be published Wednesday by the Bureau of Labor Statistics, will probably show the consumer price index, and a “core” gauge excluding food and energy, both advanced 0.2% in July, according to the median estimates in a Bloomberg survey.