Most surveyed institutions expect U.S. August seasonally adjusted CPI m/m at
+0.4% (prev 0.1%; consensus 0.4%). A subgroup — Citigroup, Jefferies, UniCredit,
Oxford Economics, Moody's, Societe Generale, Lloyds Bank, Pantheon
Macroeconomics and Westpac — forecast +0.3% m/m. Sparta Capital Securities
forecasts +0.2% m/m. The remaining respondents, a broad set of global banks and
brokers (including Goldman Sachs, JP Morgan, UBS, Deutsche Bank, Barclays, HSBC,
BofA, Morgan Stanley, Nomura, BNP Paribas, RBC, BMO, ANZ, Scotiabank, Standard
Chartered, PNC, TD Securities, Wells Fargo and Santander), are aligned with the
+0.4% view.