On August 11, Nick Timiraos, a Wall Street Journal reporter known as the "Fed's mouthpiece," stated that the July CPI data will be released this Tuesday. Core CPI is expected to rise by 0.31%, which would bring the annual increase to 3.1% (2.9% in June, 2.8% in May). It is also predicted that overall inflation will increase by 0.24%, with an annual increase of 2.8%. (Jinshi)
Fed spokesperson: Core CPI is expected to rise by 0.31%, bringing the annual increase to 3.1%.
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