US CPI hits 2.9% in August, sealing a 25bps Fed rate cut for next week

CPI rose 2. 9% in August, locking in a 0. 25% rate cut from the Federal Reserve next week, plain and simple. The monthly number came in hot at 0. 4%, jumping from 0. 2% in July, according to the U. S. Bureau of Labor Statistics. No more “will they or won’t they. ” This print gives the Fed zero excuses. […] source: https://www.cryptopolitan.com/us-cpi-hits-2-9-25bps-fed-rate-cut-next-week/