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🇺🇸 🚨 #BREAKING August Inflation Data
•CPI: +2.9% YoY (vs 2.9% est)
•Core CPI: +3.1% YoY (vs 3.1% est)
📈 This is the highest CPI inflation reading since January 2025, signaling a slight firming in price pressures, but nothing unexpected.
🧠 Despite the rise, markets remain confident the Fed will proceed with a 25 bps rate cut next week, as the broader disinflation trend stays intact.
#Inflation CPI #CoreCPI InterestRates #RateCut FOMC #MacroUpdate Economy