US August core CPI rises 0.3%, exceeding forecasts and cementing expectations for a Federal Reserve rate hike

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US August core CPI rises 0.3%, exceeding forecasts and cementing expectations for a Federal Reserve rate hike

⚡ Markets: Hotter-than-expected core inflation print increases the probability of a Fed rate hike, putting upward pressure on Treasury yields and the US dollar, and weighing on equities.US 10Y YieldDXYSPXNASDAQ

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

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63 sources across the spectrum

Primary sourceUS Labor Stats (BLS) — Consumer Price Index News Release

Financial pressCoinDesk — With Fed rate hike all but assured, here's how markets might react

Financial pressBloomberg — Fed’s Rate Decision May Have Come Down to Phone Plan Changes

West MSMReuters — Fed rate-hike case builds as inflation fails to cool

Financial pressBloomberg — Treasuries End Bruising Week With Fed Hike Bets Firmed After CPI

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

Non-West StateAl Mayadeen — US Treasury yields near 5% as inflation data loom

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