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Cleveland Fed's August inflation forecast suggests reacceleration in monthly core CPI, potentially setting up a divided September FOMC meeting
The Federal Reserve Bank of Cleveland's latest Inflation Nowcasting estimates project July CPI to rise 0.09% MoM and 3.42% YoY, with core CPI up 0.21% MoM and 2.52% YoY. The forecast also indicates a reacceleration in monthly core CPI growth to roughly 0.2% for August. This outlook could intensify divisions within the FOMC ahead of its September meeting, where a rate hike is seen as a nearly 55% likelihood according to CME Group's FedWatch tool.
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Source：Yahoo财经 · Source Link
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