August US Inflation Keeps Fed Rate Hike Bets Above 85%.
U.S. inflation remained stubbornly high in August, strengthening expectations that the Federal Reserve could raise interest rates at its September meeting.
Headline CPI increased 0.4% month-over-month and held at 3.4% year-over-year, while core CPI, which excludes food and energy, rose 0.3% monthly, slightly above expectations. Rising gasoline and shelter costs added to concerns that price pressures are not cooling quickly enough.
Following the report, markets raised the probability of a 25-basis-point Fed rate hike to above 85%, with some estimates approaching 90%. The decision is expected at the Fed’s September 15–16 meeting, as policymakers weigh persistent inflation against economic growth and financial-market conditions.
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U.S. inflation remained stubbornly high in August, strengthening expectations that the Federal Reserve could raise interest rates at its September meeting.
Headline CPI increased 0.4% month-over-month and held at 3.4% year-over-year, while core CPI, which excludes food and energy, rose 0.3% monthly, slightly above expectations. Rising gasoline and shelter costs added to concerns that price pressures are not cooling quickly enough.
Following the report, markets raised the probability of a 25-basis-point Fed rate hike to above 85%, with some estimates approaching 90%. The decision is expected at the Fed’s September 15–16 meeting, as policymakers weigh persistent inflation against economic growth and financial-market conditions.
$BTC #Macro Insights# #BTC Price Analysis#
