TODAY'S MARKET INTELLIGENCE
US August CPI to Decide Fed's September Rate Path
English summary
The US Bureau of Labor Statistics will release the August CPI at 20:30 Beijing time on Friday, the last key inflation data before the Fed's next meeting. Consensus expects headline CPI up 0.4% MoM and core CPI up 0.2% MoM. Market pricing for a rate hike has risen to ~73%. Nomura notes that if CPI components significantly exceed expectations, the probability of a hike increases sharply. Energy prices and geopolitical tensions remain key variables.
The English text is machine translated and may require verification against the Chinese version.
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