(Updated from 8:36 a.m. EDT)
The latest round of inflation data came out slightly cooler than expected this morning. The August
Consumer Price Index
) decreased 0.1%. A 0.2% rise in CPI had been expected, indicating benign inflation.
The CPI is a key economic measure and it holds the potential to move markets. The market, however, didn't have a strong reaction to the data after it was released at 8:30 a.m. Futures initially popped up, but then they pulled back down.
The report comes out one day after data showed that wholesale prices fell and retail spending growth eased last month.
Consumer Price Index for August. Source:
Labor Department. Actual: -0.1%. Forecast: +0.2%. Previous: +0.2%.
Ex-food and energy. Actual: +0.2%. Forecast: +0.2%. Previous: +0.2%.
Business Inventories for July. Source:
Census Bureau. Actual: +0.2%. Forecast: +0.5%. Previous: +0.9%.
For a longer-term economic calendar and more, see