The US CPI in August increased by 2.5% compared to the same period last year, lower than the forecast of 2.6% and down significantly from 2.9% in July.
According to experts, the CPI report in August shows that the US core inflation is still high, not enough to make the Fed decide to cut interest rates by 50 basis points.
According to experts, the CPI report in August shows that the US core inflation is still high, not enough to make the Fed decide to cut interest rates by 50 basis points.
Note
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