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However, at the same time, I think August CPI will be more important than the July print, and also the Jackson Hole Fed statements to determine September probabilities. | However, at the same time, I think August CPI will be more important than the July print, and also the Jackson Hole Fed statements to determine September probabilities. | ||
Key Takeaways from | Key Takeaways from July CPI Numbers | ||
* Super core CPI increased during the month, due to a m/m increase in most service sectors, with some exceptions. Transportation services continue to be the primary driver of this category, which increased again in July. | * Super core CPI increased during the month, due to a m/m increase in most service sectors, with some exceptions. Transportation services continue to be the primary driver of this category, which increased again in July. |