Announcement

U.S. core inflation comes in below forecasts at 3.0% in August

Consumers increased spending even after inflation. Revisions to earlier data complicate the softer-than-expected reading.

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TLDR

Annual core PCE inflation was 3.0% in August, below the 3.3% Dow Jones forecast reported by CNBC. Prices still rose from July, and revisions changed earlier inflation readings. Inflation-adjusted consumer spending increased 0.6%. Traders reduced bets on an October Fed rate hike, CNBC reported, but still expected an increase in December.

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U.S. core inflation comes in below forecasts at 3.0% in August

TLDR

Combined views

34 Sources

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Sentiment

34 Sources

34 Sources

Sentiment

34 Sources

Prices still rose from July

Spending increased even after inflation

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