Friday CPI Preview: Inflation Pulse Could Tip Fed's Next Move
TL;DR Summary
Friday's August CPI release will be the last inflation datapoint before the Fed's decision next week. Expectations call for a 0.4% monthly CPI rise (3.4% year over year) and a 0.2% core increase (2.4% y/y). Thursday's PPI data boosted odds of a 25 basis-point hike to around 73%, though a surprise to the upside or downside could sway the decision; investors will also watch how the CPI feeds into the PCE index due later in September, which the Fed uses for its inflation gauge.
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