August 2024 CPI forecast of 2.6% YoY and upcoming macro events
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Notes August CPI is projected at 2.6% YoY, down from 2.9% in July and the smallest increase since March 2021, and lists PPI on 12 Sept and the FOMC on 18 Sept as next events.
Key claims
August CPI projected at 2.6% YoY vs 2.9% in July
Smallest YoY increase since March 2021
CPI for August 2024 is projected to rise 2.6% YoY (2.9% in July).
If this holds true, it will be the smallest YoY increase since March 2021 (where it also was 2.6%).
After today's CPI data drop (8:30 ET), the next events to watch are:
➤ 12 Sep: PPI Data Release
➤ 18 Sep: FOMC Meeting (rate cut)
QUOTING @zerokn0wledge_
Debate favoured Harris imo and $BTC price action mirrors that. According to @Polymarket odds, Trump still has a razor-thin overall lead though. US CPI data dropping today (8:30 ET) will be the next major event that could impact markets ahead of FOMC and expected rate cuts on th
Debate favoured Harris imo and $BTC price action mirrors that. According to @Polymarket odds, Trump still has a razor-thin overall lead though. US CPI data dropping today (8:30 ET) will be the next major event that could impact markets ahead of FOMC and expected rate cuts on th
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