Heat Watch: The Bloomberg Open, Americas Edition

Good morning. US headline inflation data due may come in hot, but the core reading is the one to watch. The EU hits China with a probe into EV subsidies. And Taylor Swift sweeps the VMAs.

What’s Happening Now

Inflation navigation. Markets were cautious ahead of the August US consumer prices report. A third month of subdued core inflation may overshadow an energy-driven rebound in headline price increases, and bolster the case against further rate hikes.

The EU launched a probe into Chinese EV subsidies for “distorting” the market as the bloc frets about its domestic ...