"Fed's mouthpiece" looks forward to CPI: beware of "fake moves" in core inflation

Odaily Planet Daily News Nick Timiraos, "Fed Speaker" and Wall Street Journal reporter Amara Omeokwe jointly wrote an article looking forward to tonight's upcoming CPI report. Economists believe that despite the recent rise in energy prices, potential inflationary pressures in the United States remain moderate. The market generally expects the overall CPI to rebound in August, but core inflation fell further. A fall in core inflation this summer paves the way for the Fed to maintain stability at next week's meeting, while August data will provide more information for the Fed's discussions to determine whether to raise interest rates later this year. In addition, Fed officials are cautious about the slowdown in inflation over the past few months, because in 2021 and 2022, the inflation rate will sometimes slow down and then accelerate again, so they must be careful to guard against "fake moves" in core inflation. (Golden Ten)