Inflation persisted in August, potentially locking in a Fed interest rate hike
The all-items consumer price index was expected to rise 0.4% in August, with core, excluding food and energy, showing a 0.2% gain, according to the Dow Jones consensus.
This is a short WorldPing brief. The full report was published by CNBC World.
US monthly inflation rate rises to 0.4% in August, though annual rate unchanged at 3.4% and core inflation dips a little UK economy unexpectedly grows 0.
Brief by WorldPing · Original reporting by The Guardian
The August CPI report had taken on outsized importance after Fed Chair Kevin Warsh two weeks ago suggested the central bank may have to act if inflation doesn't soon slow.
Brief by WorldPing · Original reporting by CoinDesk