US CPI data is due on Wednesday August 14 at 0830 US Eastern time:
Via Bank of America economists, they expect that U.S. inflation in July will show a slight uptick. Nevertheless, it'll remain supportive of a potential Fed rate cut in September.
- BoA notes that June's CPI figures came in lower than anticipated
- expects some of that softness to reverse in July
BofA sees the Fed cutting rates by 50 basis points this year.