US Inflation Data Forecast to Show Modest Increase, Strengthening Expectations for Federal Reserve Rate Cut

US consumer prices are expected to show a modest increase in the latest report, reinforcing predictions of a Federal Reserve interest rate cut in September. For more details:

https://www.bloomberg.com/news/articles/2024-08-13/us-cpi-data-to-show-another-modest-increase-cementing-fed-cut?srnd=phx-economics-inflation-and-prices