Sticky core CPI fuels fresh bets on a Fed rate hike
TL;DR Summary
August’s CPI data show core inflation rising 0.3% for the month to 2.4% year-over-year, above the Fed’s 2% target and fueling bets on a rate hike; the headline CPI rose 0.4% as energy costs climbed, including diesel at record highs, underscoring persistent inflation and helping lift stock markets as traders price in higher rates.
- CPI report today: Hotter-than-expected ‘core’ inflation boosts chances of Fed rate hike — live updates MarketWatch
- Inflation persisted in August, potentially locking in a Fed interest rate hike CNBC
- Stubborn inflation raises prospect of Fed rate hike The Hill
- Elevated Inflation Keeps Pressure on Fed to Raise Rates The New York Times
- Inflation Comes In Hot WSJ
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