• 2 months ago
Inflation in August fell to its lowest level since February 2021, with the Consumer Price Index rising by 0.2%. Core CPI, excluding food and energy, increased by 0.3%, maintaining a 12-month rate of 3.2%. Housing costs surged, impacting the overall CPI. Markets anticipate a 25 basis point rate cut from the Federal Reserve. Treasury yields rose post-report, while stocks declined.
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