S&P Global: July U.S. CPI Data to Be Key Economic Indicator for New Week

On August 10th, Standard & Poor's Global indicated that the July U.S. CPI data would be a key economic indicator in the new week. Due to tariff policies causing inflation expectations to rise, the market is eagerly anticipating this report. Despite the current tariff developments (such as the higher tariffs imposed on August 7th and the latest threat of 100% chip tariffs), which suggest a possible increase in inflation, the overall U.S. second-quarter consumer price increase has remained below 3.0%. It is worthy of note that the Standard & Poor's Global U.S. PMI data, as a leading indicator of CPI trends, has hinted that inflation may pick up in the second half of 2025. Therefore, the upcoming CPI data will confirm whether prices in July have begun to accelerate. This is crucial for the Fed's monetary policy as there is potential price volatility, and the Fed is currently maintaining a wait-and-see stance. (FXStreet)