US July seasonally adjusted CPI m/m (prior -0.4%; consensus +0.1%): forecasts
cluster at +0.1%. A minority expect 0.0% (Capital Economics, Citi, Mizuho).
Several banks and houses project +0.2% (including Deutsche Bank, ING, BNP
Paribas, Barclays, UBS); Jefferies is the highest at +0.3%. US July seasonally
adjusted core CPI m/m (prior +0.0%; consensus +0.2%): the bulk of institutions
forecast +0.2%. A few expect +0.1% (Mizuho, Sparta Capital); Deutsche Bank,
Moody's Analytics and Scotiabank are at +0.3%.