Nervous markets await latest US inflation data
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.THE FINANCIAL markets are expected to be in nervous mood ahead of tomorrow's US inflation figures, which will show whether wholesale price rises have fed through to the shops. A bad report will fuel fears of another rise in US interest rates next month.
World bond and stock markets tumbled on Friday after an unexpectedly big 0.6 per cent rise in US factory gate prices. Wall Street economists are uncertain whether the bad producer prices figure will be reflected at retail level.
Consumer prices are expected to have risen by 0.4 per cent in August but by only 0.2 per cent when car prices are excluded. Separate figures are expected to show the US current account deficit at dollars 31.9bn in the second quarter.
British retail price inflation figures, due on Wednesday, are expected to be unchanged on last month, perhaps falling a little. The underlying rate of inflation - excluding mortgage interest payments - was at a 27-year low of 2.2 per cent in July.
Factory gate inflation and average earnings growth figures, also due this week, will also be scrutinised closely for clues to the British inflation outlook. Unemployment is expected to have fallen by another 12,000, the same rate of decline as a month ago.
Join our commenting forum
Join thought-provoking conversations, follow other Independent readers and see their replies
Comments