US Data: Highlights of MNI Survey of Economic Forecasts

Repeats Story Initially Transmitted at 21:06 GMT Aug 9/17:06 EST Aug 9

     WASHINGTON (MNI) - The following are highlights of forecasts for   

upcoming U.S. economic indicators provided by participants in the MNI   

weekly survey. The comment section presents the key elements behind the 

median forecasts.         

Consumer Price Index for July (percent change)                          

 Friday, August 10 at 8:30 a.m. ET                       Actual:        

              Median         Range                   Jul18  Jun18  May18

 CPI           +0.2%    +0.1% to +0.2%                  --  +0.1%  +0.2%

 CPI Core      +0.2%    +0.2% to +0.3%                  --  +0.2%  +0.2%

     Comments: The CPI is expected to rise by 0.2% in July after a 0.1% 

gain in June. The year/year rates should rise further due to a soft     

reading a year ago. AAA reported a modest decline in mid-month prices   

from June, which could soften seasonally adjusted CPI gasoline prices.  

The core CPI is also forecast to rise 0.2% following an as-expected 0.2%

increase in June.                                                       

Treasury Statement for July ($ billions)                                

 Friday, August 10 at 2:00 p.m ET                        Actual:        

             Median           Range              Jul18    Jun18    Jul17

 Balance    -$76.7b    -$76.0b to -$77.3b           --  -$74.9b  -$42.9b

     Comments: The US Treasury is expected to post a $76.7 billion      

budget gap for July, much larger than the $42.9 billion gap in July     

2017. The impact of the tax cuts should continue to be seen in the data 

in the form of lower receipts that are fueling wider deficits.          

--MNI Washington Bureau; +1 202-372-2121; email: shikha.dave@marketnews.com

[TOPICS: MTABLE]