Today, at 3:30 pm, during the announcement of Mario Draghi, we will also expect US inflation data. Here are the first comments on upcoming data and what to expect.
Forecast for Scotia:
CPI is 1.8% expected to remain unchanged. Core CPI is expected to rise to 2.3% y / y. As the Fed prefers core PCE as a measure of inflation (1.6% year-on-year in July) also supports core CPI at a good pace, the Fed's effort to support 2% inflation will be minimally altered. In addition, there are several measurement differences between core CPI and core PCE that do not guarantee that changes in one metric lead to changes in the other.
ASB / CBA:
US gasoline prices fell 3% on a monthly basis in August. The reduction in fuel prices will keep the core CPI at 1.8% on an annual basis. Core inflation is expected to remain around 2.2% annually, supported by strong US consumption.
ANZ:
Markets expect a minimal increase in CPI in August, which will benefit those who bet on dovish Feds.
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