US core CPI expected to cool toward 2.4% in August as goods prices drag inflation lower

Searching...

The August inflation print, due September 11, could give the Federal Reserve room to hold rates steady heading into its next meeting.

Share

Core inflation in the US appears to be losing steam, and Wall Street is paying close attention. Analysts project that the Bureau of Labor Statistics will report August’s core Consumer Price Index at somewhere between 2.3% and 2.4% on a year-over-year basis, down from July’s 2.5% reading.

The data drops on September 11 at 8:30 a.m. ET, right in the window where the Federal Reserve is finalizing its thinking ahead of the September FOMC meeting.