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Macro Economy5 HOURS AGO

Core CPI rose a faster-than-forecast 0.3% in August, setting up possible Fed rate hike

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Importance 45Neutral* Trust 85 · 1 source3.5Market Impact: 3.5/10 · Low
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Core CPI rose a faster-than-forecast 0.3% in August, setting up possible Fed rate hike

The August CPI report had taken on outsized importance after Fed Chair Kevin Warsh two weeks ago suggested the central bank may have to act if inflation doesn't soon slow.

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