U.S. consumer price growth for August is expected to accelerate as gasoline prices rebound, reinforcing market expectations that the Federal Reserve could raise interest rates next week, according to ChainCatcher. The U.S. Department of Labor is scheduled to release the August Consumer Price Index, or CPI, report on Friday, a data point that markets are watching closely ahead of the Fed’s next policy decision. Economists cited in the report said inflation could remain elevated if oil prices move back above $100 a barrel. The update ties the expected pickup in consumer prices directly to higher fuel costs and highlights how energy prices are feeding into policy expectations. With the CPI release due Friday, the inflation print is set to be a key reference point for markets assessing the likelihood of another rate increase.
U.S. consumer prices for August are expected to rise at a faster pace as gasoline prices rebound, strengthening market expectations that the Federal Reserve may raise interest rates next week, according to ChainCatcher.
The U.S. Department of Labor is set to release the August Consumer Price Index report on Friday. Economists said inflation would remain high if oil prices return to above $100 a barrel.
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