August ADP employment is forecast to rise to 48,000 from July’s 44,000, signalling continued labour-market cooling and shaping Fed policy expectations.
US core PCE inflation is expected to stay at 3.3% in July. Rising energy costs and weaker consumer sentiment add uncertainty to the Fed’s policy outlook.
US July CPI is forecast at 3.4%. Energy price declines eased inflation, but rising food costs and sticky core prices highlight ongoing inflation pressures.
US core inflation remained elevated, driven by tariffs and energy costs. Markets expect persistent price pressures to influence Fed policy and rate decisions.
