by Simon Moore
Forbes
July’s Consumer Price Index inflation report is expected to continue the pattern of disinflation seen in recent months. Current expectations for a September rate cut are relatively high, so it is unlikely that anything but the most alarmingly high CPI inflation data would prompt the Federal Open Market Committee to avoid a broadly anticipated interest rate cut at their next scheduled meeting on September 18.
Release Timing
July’s Consumer Price Index inflation data will be released on August 14, 2024, at 8:30 a.m. ET. June’s headline CPI data saw -0.1% monthly price change and 0.1% for core CPI. Core CPI removes moves in food and energy prices. June’s CPI report posted 3% headline CPI annual inflation and 3.3% core inflation.