Core prices are forecast to have risen by a more acceptable 0.2% for a third straight month. That would take the annual rate down to 4.3%, the smallest year-on-year rise since September 2021. What makes these figures so interesting is the central bank is already in its quiet period before the Sept. 20 rate announcement, with traders overwhelmingly expecting the Fed to keep rates on hold. That updated projection is well above the central bank's 2% inflation target and above the 2.7% predicted by a Reuters poll of economists. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.

---

Persons: Samuel Indyk, Jerome Powell, Rhys Herbert, Christina Fincher Organizations: European Central Bank, Wednesday's, Reuters, Lloyds Bank, Wall, Apple, CPI, Treasury, Thomson Locations: U.S, Wednesday's U.S