Core CPI in August increased 0.3%, above expectations; the Fed may raise interest rates

- Core CPI for August rose 0.3%, higher than the forecast.
- This development increases the likelihood that the Fed will raise interest rates.
- Previously, Fed Chairman Kevin Warsh hinted that the central bank may need to take action if inflation does not cool down soon.
- The August CPI report has become especially important following Warsh's remarks.

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Source: CoinDesk