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Financial Post

U.S. core CPI rises 0.3% in August, strengthening case for Fed rate hike

AI Market Summary
U.S. core CPI surprised to the upside, reinforcing the view that disinflation has stalled. Fed funds futures are now pricing a near-certain rate hike next week and increased odds of another move this year, tightening financial conditions. Higher energy prices and services inflation add to persistence risks. The repricing should support the dollar and pressure duration assets and risk markets in the near term.
Impact level
● High
Affected assets
NCSIDXY2USD/USDT+0.15%
AI Insight · NCSIDXY2USD/USDTAI Insight
▼ Bearish
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⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
U.S. core inflation rose more than expected, indicating the disinflation process stalled. After the data, federal funds futures nearly fully priced in a Federal Reserve rate hike next week and suggested a high likelihood of a second increase before year-end. The report said persistent pressures from the Iran war, tariff policy and the data-centre buildout left inflation with little meaningful progress toward the Fed’s target.
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