Uncertain July CPI Puts Spotlight on Crucial Upcoming Data | Presented by CME Group

On August 12th, we saw the latest CPI data and it had mixed results. So, the headline came in below expectations at 2.7%. But core CPI, excluding food and energy, was higher than anticipated at 3.1%.Markets seemed to focus on the headline number as equities rallied and 2-year yields dropped. This release drew intense scrutiny due to the weak unemployment data that was reported back on August 1st. A deteriorating labor market typically signals disinflation, but persistent inflation had raised concerns about ...