According to BlockBeats, on September 11, Informa Global Markets reported that the overall U.S. CPI slowed to 2.5% year-on-year in August, in line with expectations and the lowest level since February 2021. The annual rate of core inflation remained at 3.2%, which was also in line with expectations. The market noted that the higher-than-expected monthly rate of core inflation was 0.3%, which prompted the dollar to rise against the yen from 141.80 to 142.35. The data supports the Fed’s 25 basis point rate cut next week and should rule out the possibility of a larger rate cut of 50 basis points. (Jinshi)
Earlier news, the U.S. core CPI monthly rate in August was 0.3%, higher than expected (0.2%).
