This is the last weight of the Federal Reserve before deciding the course of its monetary policy next week.
Unlike the surprise caused by the wholesale inflation of the United States on Wednesday, August retail inflation was practically in line with what was expected. At the year -on -level, the increase was 2.9%, a slight increase against 2.7% in July. For its part, In the monthly measurement the rise was 0.3%just above the estimated and slight acceleration with respect to last monthwhen he scored 0.2%.
The consensus of analysts could also be successful in the prediction of core inflation, which It was 0.3% monthly and 3.1% against August last year.
The housing division rose 0.4% in August and was the most important factor in the monthly increase of all categories. The energy category rose 0.7 % in August, while fuels increased 1.9 % during the month. Balanz He highlighted “the acceleration in the food category, which He scored a rise of 0.46% monthly, the largest since November 2022“
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Anyway, the data of the Retail price index (CPI) that published the Labor Statistics Department (BLS) they realized that inflation in the US economy is maintained above the year of 2% annual that the Federal Reserve (Fed).
However, that I do not cool the expectations of a series of cuts by the Fed. According to the Fedwatch that elaborates Cme89.1% currently expect a 25 basic points cut, while 10.9% bet on a 50 -point reduction.
Besides, A possibility was consolidated above 80% that there are cuts in the three meetings that remain so far from 2025.
“This morning’s CPI data confirms that US inflation is reputing, with a general increase from various places. But it is almost certain that the Fed, under government pressure, will begin a flexibility cycle next week“The economist of The Brookings Institution, Robin Brooks.
Source: Ambito
