A preview of the US August CPI report indicates that the market generally expects headline CPI to rise by approximately 0.4% month-over-month, a significant acceleration from July's 0.1%; core CPI is projected to increase by about 0.2% month-over-month. Year-over-year, headline inflation is anticipated to be close to 3.4%, while core inflation is expected to slow to around 2.4%. This report is considered one of the most critical inflation data points in the coming months, and its outcome could influence the Federal Reserve's decision on interest rate hikes at next week's FOMC meeting.