🚨 BREAKING: US Inflation Comes in Hotter Than Expected, Fed Rate Hike Odds Jump to 90%
August US inflation data delivered a stronger-than-expected reading, adding fresh pressure on the Federal Reserve.
Monthly Inflation: • Headline CPI: +0.396% M/M, effectively 0.4% • Core CPI: +0.290% M/M vs around 0.22% expected • Previous core CPI: 0.215%
Year-over-Year: • Headline CPI: 3.397% • Core CPI: 2.446%, down from 2.478% previously
The key concern is the sharp acceleration in monthly core inflation, while headline inflation remains above 3%.
With elevated energy prices and geopolitical risks adding to inflation pressures, the path toward easier monetary policy is becoming increasingly difficult.
⚠️ Traders now see around a 90% chance of a Fed rate hike next week, up from roughly 70% before the inflation report.
#CPIWatch
August US inflation data delivered a stronger-than-expected reading, adding fresh pressure on the Federal Reserve.
Monthly Inflation: • Headline CPI: +0.396% M/M, effectively 0.4% • Core CPI: +0.290% M/M vs around 0.22% expected • Previous core CPI: 0.215%
Year-over-Year: • Headline CPI: 3.397% • Core CPI: 2.446%, down from 2.478% previously
The key concern is the sharp acceleration in monthly core inflation, while headline inflation remains above 3%.
With elevated energy prices and geopolitical risks adding to inflation pressures, the path toward easier monetary policy is becoming increasingly difficult.
⚠️ Traders now see around a 90% chance of a Fed rate hike next week, up from roughly 70% before the inflation report.
#CPIWatch