U.S. July CPI Data Release Tonight Could Determine September Rate Hike Decision

BLS releases July CPI and core CPI figures tonight, with institutional forecasts clustering near consensus. The data will directly influence Federal Reserve policy decisions regarding a potential September rate hike.

Woofun AI reports that the U.S. Bureau of Labor Statistics is scheduled to release July CPI and core CPI figures at 8:30 p.m. Beijing time on August 12. This data release is critical as it may determine whether the Federal Reserve initiates a rate hike in September.

Institutional forecasts for the adjusted CPI show a previous value of -0.4% and an expected value of 0.1%. Most major institutions, including Goldman Sachs, JPMorgan, and Morgan Stanley, project +0.1%, while Capital Economics and Citigroup forecast +0.0%. For adjusted core CPI, the previous value was +0.0% with an expected value of +0.2%. The majority of forecasts, including those from BofA Merrill Lynch and Barclays, align with the +0.2% expectation, whereas Mizuho Securities and Spartan Capital predict +0.1%.