Tuesday’s CPI report likely to show inflation continuing to run hot, putting the Fed in tough spot
A customer wearing a protective mask shops inside an Albertsons grocery store in San Diego, California, June 22, 2020.
Bing Guan | Bloomberg | Getty Images
Tuesday’s report of the consumer price index could set the tone for markets ahead of next week’s Federal Reserve meeting, particularly if it is hotter than expected.
The CPI is expected to have risen 0.4% in August month over month, according to a Dow Jones consensus estimate. On a year-over-year basis, CPI would…