After a weak US jobs report sparked a major global stock sell-off this week, investors will be watching inflation data for the world’s biggest economy more closely than usual this week.
Figures published on Wednesday are expected to show US consumer prices rose at an annual rate of 3 per cent in July, unchanged from the previous month, according to economists’ forecasts compiled by Bloomberg.
But core inflation, which has stayed stubbornly elevated even as the Federal Reserve has kept interest rates at 23-year highs, is expected to fall slightly to 3.2 per cent from 3.3 per cent in June. Core inflation strips out the volatile food and energy sectors.
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