MNI US Morning Briefing

     LONDON (MNI) - The main US data is expected to cross the wire at 0830ET,

when the July CPI numbers are published.

     The CPI is expected to rise 0.2% in July following a flat reading in June.

Analysts expect energy prices to rebound modestly after another sharp decline in

June, as temperatures across the country picked up to lift electricity usage.

Food prices are expected to remain tame after a flat June reading. The core CPI

is also forecast to rise 0.2% following a third straight 0.1% increase in June,

but vehicle and apparel prices were again cited as drags on the core number that

prevent it from breaking out of its recent trend.

     Dallas Fed Pres Rob Kaplan is scheduled to speak at 0940ET, with

Minneapolis Fed Pres Neel Kashkari hosting an audience Q&A from 1130ET.

     Between the two Fed speakers, the St. Louis Fed Real GDP Nowcast will be

published at 1100ET, with the NY Fed GDP Nowcast expected at 1130ET.

--MNI London Bureau; tel: +44 203-586-2225; email: les.commons@marketnews.com