[ad_1]
The consumer price index is expected to fall 0.1% in August, according to economists polled by The Wall Street Journal. The first decline in more than two years would lower the rate of inflation over the past year to 8% from 8.5%.
The core rate of inflation that omits food and energy is forecast to climb 0.3%. The 12-month increase could edge up to 6% from 5.9% in July. The CPI report will be released at 8:30 a.m. Eastern by the Bureau of Labor Statistics.
In premarket trades, the Dow Jones Industrial Average
DJIA,
and S&P 500
SPX,
were set to open higher in Tuesday trades and extend a recent winning streak. The 10-year bond
TMUBMUSD10Y,
yield slipped to 3.31%.
[ad_2]
Source link
