August CPI report shows core inflation was hotter than expected — live updates

The August CPI report delivered a surprise to the upside on core inflation, which strips out volatile food and energy prices and is closely watched by the Fed as a measure of underlying price pressure. A hotter-than-expected print typically weighs on equity futures and lifts the USD, as markets reprice rate-cut expectations lower and demand safer assets. This data directly impacts Fed messaging and could delay or reduce the scope of near-term rate cuts.

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