UBS Raises US July Core CPI Forecast, Warns of Persistent Inflationary Pressure
According to a report by Jinse Finance, UBS anticipates that the US seasonally adjusted core CPI month-on-month rate for July will reach 0.35% (higher than the expected 0.32%), while the unadjusted core CPI year-on-year rate will be 3.11% (above the expected 3%). UBS believes that inflationary pressures will continue to rise, projecting core CPI at 0.6% in August, 0.76% in September, and 0.73% in October. Additionally, core services inflation for July is expected to increase by 0.35% month-on-month.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Fed Minutes Lean Hawkish as Powell’s Speech Set to Reveal Rate Cut Outlook
Fed Mouthpiece: July Meeting Shows Overall Hawkish Sentiment, More Officials Open to September Rate Cut
Analysis: A Few Officials Hint They May Join the Rate-Cut Camp in September
Fed Meeting Minutes Show Broad Support for Decision to Hold Rates Steady
