Economics
U.S. Inflation Is Finally Picking Up. Probably
- Economists see July core CPI up 0.2% after four weak months
- Report may affect Fed’s path for raising interest rates
St. Louis Fed President James Bullard discusses the outlook for rates and inflation with Bloomberg's Kathleen Hays on 'Bloomberg Markets.' (Source: Bloomberg)
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U.S. inflation is finally picking up -- or at least that’s the expectation of economists who have been wrong-footed by sub-par readings four months in a row.
Analysts surveyed by Bloomberg say consumer prices excluding energy and food probably rose 0.2 percent in July from the previous month, according to the median estimate ahead of Friday’s data from the Labor Department. If right, that would end a four-month string of below-forecast readings in the so-called core index, the weakest stretch since 2010.