Gasoline Price Rebound May Lift U.S. August CPI MoM

According to Jin10, U.S. August consumer price growth is expected to accelerate after gasoline prices rebounded following two straight months of declines, reinforcing market expectations that the Federal Reserve may raise rates next week. The U.S. Labor Department will release the August CPI report on Friday, after several key components of Thursday's PPI report came in strong. Economists said inflation is likely to remain elevated and broaden further as oil prices move back above $100 per barrel, while others said price pressures will persist because of import tariffs, especially the recent tariffs imposed on Canada's main U.S. trading partner.