U.S. August inflation rise shows the Federal Reserve faces a major challenge

Odaily 精选Sep 11, 2025
#Macro
U.S. inflation rose to 2.9% in August, highlighting the challenges the Federal Reserve faces ahead of a crucial interest rate decision next week. The annual Consumer Price Index released by the U.S. Bureau of Labor Statistics on Thursday was higher than July's 2.7% and also matched analysts' forecasts of 2.9%. Core inflation remained stable at 3.1%, in line with expectations. The data comes as the Federal Reserve grapples with a weakening labor market and political pressure from U.S. President Trump to cut interest rates. Traders continue to expect the Fed to cut interest rates by 25 basis points next week, but are betting that the pace of rate cuts will accelerate slightly at subsequent meetings. Federal Reserve Chairman Powell has opened the door to a rate cut in September, saying at the end of last month that a weak job market would mitigate the risk of rising inflation from Trump's across-the-board tariffs. (金十) [Odaily]
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U.S. August inflation rise shows the Federal Reserve faces a major challenge

Odaily 精选Sep 11, 2025
#Macro
U.S. inflation rose to 2.9% in August, highlighting the challenges the Federal Reserve faces ahead of a crucial interest rate decision next week. The annual Consumer Price Index released by the U.S. Bureau of Labor Statistics on Thursday was higher than July's 2.7% and also matched analysts' forecasts of 2.9%. Core inflation remained stable at 3.1%, in line with expectations. The data comes as the Federal Reserve grapples with a weakening labor market and political pressure from U.S. President Trump to cut interest rates. Traders continue to expect the Fed to cut interest rates by 25 basis points next week, but are betting that the pace of rate cuts will accelerate slightly at subsequent meetings. Federal Reserve Chairman Powell has opened the door to a rate cut in September, saying at the end of last month that a weak job market would mitigate the risk of rising inflation from Trump's across-the-board tariffs. (金十) [Odaily]
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