US CPI inflation decreased to +2.5% in August, influencing US Treasury yields and equity futures.

From Investing.com: 2024-09-11 13:12:00

Headline US CPI inflation eased to +2.5% in August, the lowest level since February 2021. This data influenced US Treasury yields and US equity index futures in trading. The US Federal Reserve is expected to announce a 25 basis point reduction next week. Inflation fell from July’s +2.9% to +2.5% in August, slightly below estimations. Shelter costs rose +0.5%, driving headline inflation, while services increased +0.4%. Core inflation, which excludes food and energy, rose +3.2% in August. The Fed is focused on labor market data, which showed 140,000 new jobs in August. Market players are anticipating a 25 basis point rate cut next week, with an 87% probability.



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