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Hot US CPI Sparks Fed Rate Hike Fears, Pressuring Stocks and Gold

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

News Summary

  • August US inflation data showed headline CPI rising 0.4% month-over-month and core CPI up 0.3%, keeping annual growth at 3.4%.
  • The hotter-than-expected figures have sharply boosted market expectations for a Federal Reserve interest rate hike at its upcoming policy meeting.
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EURUSD price history

1.16 +0.00% over the displayed period

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