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88FINANCE

US August core CPI exceeds forecasts, solidifying expectations for a Federal Reserve interest rate hike

⚡ Markets: Higher-for-longer interest rate narrative is reinforced. Bullish for the US Dollar, bearish for government bonds (pushing yields up), and creates headwinds for rate-sensitive growth stocks and gold.US 10Y YieldDXYSPXgold

The US Consumer Price Index for August showed core inflation rising 0.3% month-over-month, higher than anticipated, driven partly by surging energy costs. The data has cemented market expectations that the Federal Reserve will raise interest rates at its upcoming meeting, pushing Treasury yields to multi-year highs.

West MSM 6Financial press 21Primary source 8Google Non-West 8Google West 4Non-West Ind. 1West Right 1Non-West State 2Regional 515 countries
56 sources across the spectrum
Financial pressBloomberg — Economists See Fed Defying Expectations for Rate Hikes
Financial pressBloomberg — Treasuries End Bruising Week With Fed Hike Bets Firmed After CPI
Primary sourceUS Labor Stats (BLS) — Consumer Price Index News Release
Financial pressCoinDesk — Core CPI rose a faster-than-forecast 0.3% in August, setting up possible Fed rate hike
Financial pressBloomberg — US Core CPI Tops Forecasts, Bolstering Case for Rate Hike
Financial pressFinancial Times — Kevin Warsh under mounting pressure to raise rates as US inflation persists
West MSMReuters — S&P 500 ends higher as strong inflation data cements rate-hike bets
West MSMReuters — US consumer prices accelerate in August, push Fed closer to rate hike
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