Tomorrow the US CPI will be released at 8:30 AM ET with the month-to-month expected to rise by 0.2% and the core up 0.3%. For the YoY, the headline is expected at 2.8% vs 2.7% last month. The Core is expected to tick up to 3.0% from 2.9% last month.
Last month core goods narrowly pushed prices up by 0.2% m/m in June—a repeat of May’s increase
Within that, shelter costs rose by 0.2%, marking the smallest monthly gain since August 2021.
Services inflation, led by shelter, continues to provide underlying pressure in core CPI—highlighting its stickier contribution to overall inflation. However, the decline in shelter is a postive. Shelter accounts for 34% of the overall CPI weight - by far the greatest influence in the figure.
The calendar was void of any data today. From Washington, Trump announced that China would get another reprieve from increased tariffs for 90 days.
US stocks closed modestly lower, giving up earlier gains.
Dow -0.45%S&P -0.25%Nasdaq -0.50%US yields are ending the session little changed with the 2-year up 0.08 basis points and the 20 year down -0.02%.
This article was written by Greg Michalowski at investinglive.com.Hence then, the article about investinglive americas fx news wrap 11 aug modest changes in the markets ahead of cpi data was published today ( ) and is available on forex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
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