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International Business Times
International Business Times
Business

The Upcoming Inflation Report Is a Big Deal for the Fed. Here's What Economists Expect.

The Dow Jones consensus forecast calls for headline CPI to rise 0.1% from June, while core CPI, which excludes volatile food and energy prices, is expected to increase 0.2%. (Credit: Annabelle Gordon/AFP via Getty Images)

A closely watched inflation report could help reshape the Federal Reserve's interest rate outlook, giving policymakers either more time to wait or fresh ammunition for officials pushing to resume rate hikes.

The Bureau of Labor Statistics will release the July consumer price index at 8:30 a.m. ET, with economists expecting another relatively subdued month for inflation, according to CNBC.

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