Informa Global Markets: Core inflation rate rises on a monthly basis, ruling out the possibility of a sharp rate cut by the Federal Reserve

Odaily Odaily reported that according to Informa Global Markets, the overall US CPI slowed to 2.5% year-on-year in August, in line with expectations and the lowest level since February 2021. The annual rate of core inflation remained at 3.2%, which was also in line with expectations. The market noted that the higher-than-expected monthly rate of core inflation was 0.3%, which prompted the dollar to rise against the yen from 141.80 to 142.35. The data supports the Fed's 25 basis point rate cut next week and should rule out the possibility of a larger rate cut of 50 basis points. (Jinshi)