Friday's CPI inflation report is even more important than usual. Here's what to expect
The Bureau of Labor Statistics will release the August consumer price index report at 8:30 a.m.

TL;DR
- The August consumer price index (CPI) report is the last inflation data before the Federal Reserve's interest rate decision.
- Expectations are for a 0.4% increase in overall costs and a 0.2% increase in core inflation for August.
- The CPI and PPI data will significantly impact the FOMC's decision on interest rates.
- Traders have increased the odds for a quarter-percentage-point rate hike following the PPI release.
- Rising energy prices and potential surprises in the CPI data could tip the balance towards a rate hike.