S&P Global: July US CPI Data to be the Key Economic Indicator for the New Week

Standard & Poor's Global stated that the U.S. CPI data for July will be a key economic indicator for the new week, as the market is eagerly awaiting this report amid expectations of inflation driven by tariff policies. Although current progress on tariffs seems to suggest that inflation will rise, overall consumer price inflation in the United States in the second quarter remained below 3.0%. It is worth noting that the Standard & Poor's Global U.S. PMI data, which serves as a leading indicator of CPI trends, has hinted that inflation may pick up in the second half of 2025. Therefore, the upcoming CPI data will confirm whether prices began to accelerate in July. This is crucial for the Fed's monetary policy, as the Fed is currently maintaining a wait-and-see approach in light of potential price volatility.