#CPI tonight at 14/08 - forecasts from financial institutions
- CPI: Forecasted increase ranges from 0.13% - 0.26% for July. Annual inflation rate is forecast to remain stable at 3%.
=> The median forecast increased by 0.2% in July, with the annual inflation rate expected to be 3.0%.
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- Core CPI: Forecasted increase ranges from 0.08% - 0.22% in July, with the annual inflation rate expected to decrease to 3.2% (median), down from 3.3% last month.
=> The median forecast increased by 0.19%, with the annual inflation rate decreasing slightly to 3.2%.
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The Fed sets a long-term inflation target of 2%. With this forecast, inflation is still higher than the target, but has a downward trend -> Inflationary pressure is decreasing -> Expectations for a September interest rate cut are even higher.