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S&P Global: July U.S. CPI Data to Be Key Economic Indicator for New Week
BlockBeats News, August 10th, Standard & Poor's Global stated that July's U.S. CPI data will be a key economic indicator for the new week. With inflation expectations rising due to tariff policies, the market is eagerly awaiting this report. Despite the current tariff developments (including the higher tariffs imposed on August 7th and the latest threat of 100% chip tariffs), signaling a possible uptick in inflation, the overall U.S. second-quarter consumer price increase has remained below 3.0%.
It is worth noting that the Standard & Poor's Global U.S. PMI data, as a leading indicator of CPI trends, has hinted that inflation may pick up in the second half of 2025. Therefore, the upcoming CPI data will confirm whether prices in July have started to accelerate. This is crucial for the Fed's monetary policy, given the potential price volatility, as the Fed is currently maintaining a wait-and-see attitude. (FXStreet)
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