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Friday’s labor report changed the macro setup for the week ahead. U.S. nonfarm payrolls unexpectedly fell by 23,000 in July, while May and June employment were revised down by a combined 103,000 jobs. Futures responded by cutting the implied probability of a Federal Reserve hike in September to about 44%.
That puts this week’s inflation data at the center of the rate debate, with July CPI due Wednesday and PPI following Thursday but
the economic calendar is not the only risk.
U.S. CPI Release
Headline ease forecast to 3.4%
Wed, Aug 12
U.S. PPI Release
Wholesale supply chain test
Thu, Aug 13
Hormuz & Oil Watch
Oman shipping lane talks
Ongoing
1. CPI Could Reset the Fed Debate on Wednesday
The U.S. Bureau of Labor Statistics will release July’s Consumer Price Index at 8:30 a.m. ET on Wednesday, August 12.
Economists polled by Reute...
English (US)