U.S. inflation accelerated in August, with the overall CPI rising 0.4% month-over-month and 3.4% year-over-year, strengthening the case for a Federal Reserve rate hike next week.
U.S. inflation accelerated in August, strengthening the case for a Federal Reserve rate hike next week. Data showed that the overall CPI rose 0.4% month-over-month and 3.4% year-over-year in August; core CPI increased by 0.3% month-over-month. Gasoline prices were a major driver, with oil prices rebounding above $100 per barrel exacerbating inflation concerns. The market had previously priced in about a 70% probability of a 25 basis point rate hike by the Federal Reserve next week.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Source:X@DeItaone · Source Link
Disclaimer: This content reflects only the author’s personal views and does not constitute any investment or financial advice. If you discover any content that violates regulations,Click to Report
24H Trending
-
1
Monero (XMR) Recent Pullback: Interplay of Bullish Factors and Technical Signals, Price Trend Analysis
-
2
The U.S. Treasury's $6 billion long-bond buyback concluded on Thursday, with the scale below expectations. The 10-year U.S. Treasury yield briefly rose to 4.94%, a new high since October 2023.
-
3
Jim Cramer says the 30-year Treasury yield, climbing to roughly 5.3%, is the key force driving stocks right now
-
4
ASH Coin Analysis: Project Overview and Trading Status of the Homonymous Token ASH and AshSwap (ASH)
-
5
The yield on 30-year US municipal bonds surged 14 basis points to 4.89% on Thursday, reaching its highest level since February 2011, driven by a sell-off in US Treasuries and a surge in supply.
-
6
CUDOS: The Evolution from a Decentralized Cloud Computing Network to Integration into the Fetch.ai Ecosystem
-
7
Multiple negative factors have triggered a "stock and bond sell-off" in the US financial market: soaring oil prices, US Treasury Secretary's buyback falling short of expectations, and Donald Trump's trillion-dollar "money-printing" promise have collectively led to a sharp rise across the board in US Treasury yields, with the 30-year yield hitting a 19-year high of 5.37%, while the stock market simultaneously declined.
-
8
IHF Coin: Invictus Hyperion Fund Project Status and Market Analysis
-
9
QIN Coin: Multiple Interpretations – QuinCoin, QinShihuang, and the Stefan He Qin Fraud Case
-
10
BEAT Token Trading Guide: Understanding Its Use Cases and Main Listing Platforms
Markets Today
Recommended Reading








