Core US Inflation Picks Up, Damping Odds of Outsize Fed Cut
https://www.bloomberg.com/news/articles/2024-09-11/core-us-inflation-picks-up-as-housing-costs-continue-to-rise
Underlying US inflation unexpectedly picked up in August on higher prices for housing and travel, undercutting the chances of an outsize Federal Reserve interest-rate cut next week.
The so-called core consumer price index — which excludes food and energy costs — increased 0.3% from July, the most in four months, and 3.2% from a year ago, Bureau of Labor Statistics figures showed Wednesday.
https://www.bloomberg.com/news/articles/2024-09-11/core-us-inflation-picks-up-as-housing-costs-continue-to-rise
Underlying US inflation unexpectedly picked up in August on higher prices for housing and travel, undercutting the chances of an outsize Federal Reserve interest-rate cut next week.
The so-called core consumer price index — which excludes food and energy costs — increased 0.3% from July, the most in four months, and 3.2% from a year ago, Bureau of Labor Statistics figures showed Wednesday.
CPI Report: https://www.bls.gov/news.release/pdf/cpi.pdf
