The year-on-year increase in the U.S. August CPI rose to 2.9%, with a month-on-month increase of 0.4%, slightly exceeding expectations
Traders have fully digested the scenario of the Federal Reserve cutting interest rates three times before the end of the year
The U.S. August CPI basically met expectations, reinforcing the expectation of a 25 basis point rate cut by the Federal Reserve next week.
On Thursday, the U.S. Bureau of Labor Statistics released data showing that the U.S. August CPI rose 2.9% year-on-year, in line with expectations, and slightly up from the previous value of 2.7%. The U.S. August CPI increased 0.4% month-on-month, slightly higher than the expected 0.3%, and up from the previous value of 0.2%.
The U.S. August core CPI rose 3.1% year-on-year and 0.3% month-on-month, both in line with expectations and the previous values.
After the data was released, spot gold rose sharply, and the U.S. dollar index plummeted. Traders fully digested the scenario of the Federal Reserve cutting rates three times before the end of the year.
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