Free Trial

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]

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.
}); window.REBELMOUSE_ACTIVE_TASKS_QUEUE.push(function(){ window.dataLayer.push({ 'event' : 'logedout', 'loggedOut' : 'loggedOut' }); });