news

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

reporter cui puyu

reporter cui puyu

a report released by the u.s. bureau of labor statistics on wednesday showed that the consumer price index (cpi) rose 2.5% year-on-year in august, 0.4 percentage points narrower than in july, the lowest level in three and a half years, and rose 0.2% month-on-month, the same as last month.

after excluding the more volatile food and energy prices, the core cpi rose 3.2% year-on-year, the same as the previous month, and rose 0.3% month-on-month, an increase of 0.1 percentage point from the previous month.

analysts said the unexpected month-on-month rebound in core cpi will prompt the federal reserve to remain vigilant about inflation, reducing the possibility of a sharp interest rate cut next week.

seema shah, chief global strategist at principal asset management, said this was not the inflation data the market wanted to see, and the federal reserve was unlikely to cut interest rates by 50 basis points next week as core inflation was higher than expected.

“this data certainly won’t be an impediment to the fed cutting rates, but the hawks on the committee may use it as an excuse to signal the need for caution in the last mile of reducing inflation,” shah said.