Pantheon Macroeconomics sees the CPI data consistent with a 0.23% increase in the core PCE to be released later this month. The PPI data will add to that you when it is released tomorrow.
That is not too bad. It is still above the 2% in target. Meanwhile Wall Street Journal’s tomorrow’s is saying that the:
- “September rate cut could of been derailed by CPI print today, and the July CPI wasn’t a “no inflation” reading, but it wasn’t hot enough to stop a September cut.”
This article was written by Greg Michalowski at investinglive.com.