US inflation data is due out next Wednesday, and in this context, experts at Bank of America (NYSE:BAC) issued their expectations for the performance of the upcoming inflation data, as experts expected a partial reversal of the declining inflation data in June, and for inflation to rise in July.
Also, the US bank's economists expected modest increases in both the headline and core CPI, which could affect the Fed's decision to cut interest rates in September.
Regarding the general inflation expectations, experts expected inflation to rise by 0.3% on a monthly basis during last July, and that annual inflation would stabilize at 3.0%. As for the core inflation rate, the index may rise by 0.2% on a monthly basis.
Also, Bank of America experts stressed that upcoming inflation data may help the Federal Reserve cut interest rates at its September meeting, amid expectations of modest increases in both general and core inflation, which supports the possibility of monetary easing in September.
US inflation data is due out next Wednesday, and in this context, experts at Bank of America (NYSE:BAC) issued their expectations for the performance of the upcoming inflation data, as experts expected a partial reversal of the declining inflation data in June, and for inflation to rise in July.
Also, the US bank's economists expected modest increases in both the headline and core CPI, which could affect the Fed's decision to cut interest rates in September.
Regarding the general inflation expectations, experts expected inflation to rise by 0.3% on a monthly basis during last July, and that annual inflation would stabilize at 3.0%. As for the core inflation rate, the index may rise by 0.2% on a monthly basis.
Also, Bank of America experts stressed that upcoming inflation data may help the Federal Reserve cut interest rates at its September meeting, amid expectations of modest increases in both general and core inflation, which supports the possibility of monetary easing in September.