4 weeks ago
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Key Takeaways
- Headline CPI matched forecasts at 0.4%.
- Core CPI rose 0.3%, above estimates.
- Annual core inflation eased to 2.4%.
- Core reading muddies the Fed outlook.
- Crypto now watches rate-path repricing.
Headline CPI Met Forecasts; Core Was Firmer
The U.S. Consumer Price Index rose 0.4% in August, matching economists’ expectations and lifting annual inflation to 3.4%, unchanged from July. According to the Bureau of Labor Statistics, gasoline prices rose 3.9% during the month and accounted for more than one-third of the headline increase.
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