US headline CPI accelerated from 0.1% to 0.4% m/m in August, matching expectations, while the annual rate held at 3.4%. The monthly increase was heavily influenced by energy, which reversed from a -1.5% decline to a 2.1% rise, with gasoline up 3.9% and accounting for more than one-third of the overall CPI increase. Food inflation […]
The post US CPI Looks Calm at 3.4% — But Core Inflation Tells a Less Comfortable Story appeared first on ActionForex.
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The Consumer Price Index (CPI) rose by 0.4% month-on-month (m/m) in August, meeting the Bloomberg consensus. On a twelve-month basis, CPI held at 3.4%. Energy costs rose by 2.1% m/m, led by a 3.9% m/m Read more…
Markets The August US CPI inflation report temporarily lifted Fed rate hike bets for next week above 90%. Minutes after the release, two 25 bps rate hikes were fully discounted by year-end. Markets are trading Read more…