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US Core CPI Heats Up to 0.3%, Fueling Fed Rate Hike Odds and Boosting Dollar

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • August US headline CPI rose 3.4% annually, matching forecasts, while core CPI accelerated 0.3% month-over-month, beating expectations.
  • Driven by surging energy and shelter costs, the data solidifies expectations that the Federal Reserve will deliver a 25-basis-point interest rate hike next week.
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