Summary
- Santander economist Stephen Stanley said the U.S. July Consumer Price Index (CPI) was unlikely to be decisive for the Fed's September rate decision.
- He said July core CPI rose 0.215% from the previous month, equivalent to an annualized pace of 2.6%.
- He also maintained his forecast that the Fed will deliver a rate hike in September and an additional increase in December, even though the inflation data broadly matched expectations.
Forecast Trend Report by Period
Walter Bloomberg reported on August 12 that Santander economist Stephen Stanley does not expect the U.S. July consumer price index to be decisive for the Federal Reserve's September rate decision.
July core CPI rose 0.215% from the previous month, equivalent to an annualized pace of 2.6%, he said.
Stanley also maintained his forecast that the Fed will raise rates in September and again in December, even though the inflation data broadly matched expectations.
JH Kim
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