US Inflation Data Expected to Take Backseat Amid Focus on Employment Market

According to Odaily, analysts from Bank of America have indicated in a report that the Federal Reserve's increased focus on the weakening U.S. employment market may cause next week's inflation data to be less significant. Following the moderate CPI and PPI data released earlier this month, the personal consumption expenditure inflation for August is set to be announced next Friday. Bank of America forecasts a monthly growth rate of 0.1%, down from July's 0.2%. Weekly jobless claims will be released on Thursday. Bank of America economists stated, 'We still believe that a dovish Federal Reserve combined with a resilient economy will lead to a steeper yield curve, including a steeper breakeven curve.'