US August CPI Up 3.4% YoY, In Line With Expectations; US Stock Index Futures Extend Gains

MT Newswires Live09-11 20:30

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%.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment