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August CPI report drops today as Fed rate hike odds climb to 70%
The August CPI report releases today with economists expecting a 0.4% monthly gain as rate hike odds hit 70% ahead of the Fed's September
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cryptobriefing.com
Federal Reserve rate hike depends on two key inflation reports
The Fed's September rate decision hinges on August CPI and PPI data due September 10-11, with inflation still well above the 2% target.
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US core CPI expected to cool toward 2.4% in August as goods prices drag inflation lower
Analysts expect US core CPI to fall to 2.3%-2.4% year-over-year in August, down from July's 2.5%, ahead of the September FOMC meeting.
