Week Ahead: Is The Dollar's Run Since Mid-July Over?
August 05, 2023 at 13:59 PM EDT
We have argued that the improvement in headline US inflation in H1 23 was low-hanging fruit, and now in H2 the path will be more arduous. It begins with this week's July CPI report. A 0.2% increase will lift the year-over-year to 3.2%-3.3% from 3.0%.