After a week of key jobs reports, inflation data is returning to the spotlight this week with Wednesday’s release of the US June Consumer Price Index and the Producer Price Index a day later. Expectations are for the CPI to fall below 4%. By JPRubin23
After a week of key jobs reports, inflation data is returning to the spotlight this week with Wednesday’s release of the U.S. June Consumer Price Index and the Producer Price Index the following day.
Investors will be looking for declines that could justify the U.S. central bank reversing course on its intent to raise interest rates 25 basis points . A return to monetary hawkishness would follow the Federal Reserve pausing rate hikes last month for the first time in more than a year. The Fed’s prescription has helped cut the CPI from 9% in August 2022 to May’s 4% reading, although it has more recently also raised concerns about an overstep that could cast the economy into a steep recession.
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