🚨 The US CPI report is expected to be released on Wednesday, September 11, 2024, at 8:30 AM ET. 👇🏼
Here's what economists are predicting:Headline CPI: Expected to rise 0.2% in August, bringing the annual inflation rate down to 2.6% from 2.9% in July. Core CPI: Expected to rise 0.2% in August and 3.2% on an annual basis. Key points to watch:Rent: Housing costs make up two-thirds of the overall value of the price index. Many economists expect rent to start putting downward pressure on inflation. Food and gas: Prices for these items are expected to remain stable or fall.Federal Reserve's interest rates: The CPI report may influence the Federal Reserve's decision on whether to cut interest rates
