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Market Impact: 0.6
U.S. inflation rises less than expected in August; consumer spending surges
Source: The Globe and Mail
InflationEconomic DataMonetary PolicyInterest Rates & Yields
U.S. inflation rose less than expected in August, strengthening the case for the Federal Reserve to keep rates unchanged at its next meeting. The softer inflation reading could prompt markets to further reduce expectations for another near-term rate hike, supporting risk assets and bonds.
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