August Consumer Price Index Preview: Will 0.6% Monthly Inflation Rattle Markets?
Portfolio Pulse from Piero Cingari
Economists are predicting a significant surge in the Consumer Price Index (CPI) for August, with an expected rate of 3.6% year-on-year and a monthly increase of 0.6%. This would be the most significant monthly increase since June 2022. The core inflation rate, excluding energy and food, is expected to decrease to 4.3% in August. The market predicts a 93% probability that the Federal Reserve will maintain unchanged interest rates. Previous high inflation reports have had significant effects on major asset classes.
September 12, 2023 | 8:43 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
The Dow Jones Industrial Average ETF (DIA) could be negatively impacted by the expected high inflation report, as previous similar reports have led to a decrease in its value.
Historical data shows that high inflation reports have led to a decrease in the value of DIA.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The Invesco QQQ Trust (QQQ) could be negatively impacted by the expected high inflation report, as previous similar reports have led to a decrease in its value.
Historical data shows that high inflation reports have led to a decrease in the value of QQQ.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The SPDR S&P 500 ETF Trust (SPX) could be negatively impacted by the expected high inflation report, as previous similar reports have led to a decrease in its value.
Historical data shows that high inflation reports have led to a decrease in the value of SPX.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The SPDR Gold Trust (GLD) could be positively impacted by the expected high inflation report, as previous similar reports have led to an increase in its value.
Historical data shows that high inflation reports have led to an increase in the value of GLD.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
The iShares 20+ Year Treasury Bond ETF (TLT) could be positively impacted by the expected high inflation report, as previous similar reports have led to an increase in its value.
Historical data shows that high inflation reports have led to an increase in the value of TLT.
CONFIDENCE 75
IMPORTANCE 70
RELEVANCE 80