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Analysts at Deutsche Bank point out that the  consensus for US CPI this afternoon is another +0.2% mom core print for August – the 35th month in a row with such a forecast – which should be enough to keep the annual reading at +2.4% yoy.

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“Our US economists actually expect the latter to round down to +2.3%, however the three and six month annualized changes should firm to +2.45% and +2.12% respectively so it should continue to ensure that the Fed remain resolute in their tightening mode.”

“Last Friday’s strong AHE print and Tuesday’s JOLTS data signalled that inflationary wage pressures should continue, so the inflation pulse does seem to still be on the up for the US right now.”

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