S&P Global: July US CPI data will be the key economic indicator for the upcoming week.

BlockBeats news, on August 10, S&P Global stated that the July U.S. CPI data will be a key economic indicator for the upcoming week. Amid expectations of inflation driven by tariff policies, the market is holding its breath for this report. Although the current progress on tariffs (including the higher tariffs imposed on August 7 and the latest proposed 100% chip tariff threat) seems to indicate that inflation will rise, the overall consumer price increase in the U.S. for the second quarter has remained below 3.0%. Notably, S&P Global's U.S. PMI data, which serves as a leading indicator for CPI trends, has suggested that inflation may pick up in the second half of 2025. Therefore, the upcoming CPI data will verify whether prices have begun to accelerate in July. This is crucial for the Fed's monetary policy, as the Fed currently maintains a wait-and-see attitude due to potential price fluctuations. (Jin10)