Fed megaphone Nick Timiraos: Economists expect August CPI to be relatively modest as in July

According to a report by Jinse Finance, "Fed's mouthpiece" Nick Timiraos stated that economists providing detailed inflation forecasts expect the CPI in August to be relatively mild, similar to July. The median forecast shows that the core CPI will rise by 0.21% month-on-month, keeping the 12-month inflation rate at 3.2%. The overall CPI is expected to slow to 2.5%.