U.S. Unadjusted CPI was 3.4% YoY in August, matching forecasts and unchanged from July.
U.S. not seasonally adjusted CPI rose 0.4% MoM in August, the biggest monthly increase since June and in line with expectations (prior +0.1%).
US seasonally adjusted core CPI rose 0.3% MoM in August, the largest monthly increase since May and above the 0.2% consensus (July 0.2%).
The not-seasonally-adjusted core CPI slowed to 2.4% YoY in August, matching expectations and down from 2.5% — the third consecutive monthly decline and the weakest since April 2021.
U.S. short-term interest rate futures fell after inf data, with markets raising odds of a September Fed rate hike.
US 10-year Treasury yield rose to 4.957%, its highest since Oct. 23, 2023, nearing the 5% mark.
Markets fully price in two Fed rate hikes before year-end.
After the CPI release, spot gold fell below $4,300/oz for the first time since Sept. 2.
US stock index futures extend gains, with Nasdaq 100 futures up nearly 0.9%.
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