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The monthly rate of core inflation in the United States rose, ruling out the possibility of a significant interest rate cut by the Federal Reserve
On September 11th, according to Informa Global Markets, the overall CPI in the United States slowed to 2.5% year-on-year in August, in line with expectations and the lowest level since February 2021. Core inflation remained at an annualized rate of 3.2%, which was also in line with expectations. The market noted that higher than expected was core inflation at a monthly rate of 0.3%, which prompted the dollar to rise against the yen from 141.80 to 142.35. The data supports the Federal Reserve to ...
2024-09-11 12:42:09
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