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The August consumer price index is due Friday at 8:30 a.m. ET and could determine whether the Federal Reserve raises interest rates next week, with the decision potentially coming down to whether core prices rise 0.2% or 0.3%.
Markets are increasingly leaning toward a hike after Thursday's producer-price report showed inflation remaining stubbornly high, even as Wall Street remains remarkably confident that core CPI will come in at 0.2%.
The median forecast among 17 economists surveyed by The Wall Street Journal is 0.22%. Every estimate, ranging from just 0.16% to 0.24%, rounds to 0.2%.
Kalshi traders are similarly concentrated around 0.2%. The prediction market gives core CPI an 87% chance of exceeding 0.1%, but only a 28% chance of coming in above 0.2%.
#core #wall #benzinga
The August consumer price index is due Friday at 8:30 a.m. ET and could determine whether the Federal Reserve raises interest rates next week, with the decision potentially coming down to whether core prices rise 0.2% or 0.3%.
Markets are increasingly leaning toward a hike after Thursday's producer-price report showed inflation remaining stubbornly high, even as Wall Street remains remarkably confident that core CPI will come in at 0.2%.
The median forecast among 17 economists surveyed by The Wall Street Journal is 0.22%. Every estimate, ranging from just 0.16% to 0.24%, rounds to 0.2%.
Kalshi traders are similarly concentrated around 0.2%. The prediction market gives core CPI an 87% chance of exceeding 0.1%, but only a 28% chance of coming in above 0.2%.
#core #wall #benzinga
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