Annual CPI inflation for August came in at 3.4%, matching economist estimates, with the core rate edging lower to 2.4%. Traders had priced in a 69% chance of a Fed rate hike next week.

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.

US consumer inflation came in unchanged at 3.4 percent in August, government data showed Friday, with persistent high prices raising expectations that the Federal Reserve will…

In August, consumer prices in the U.S. surged, mainly due to increasing gasoline prices. This trend elevates the likelihood of an interest rate hike by the Federal Reserve, with…