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August CPI: The Fed May Hike And Stocks Don't Care

Source: seekingalpha.com

InflationEconomic DataMonetary PolicyInterest Rates & YieldsMarket Technicals & Flows
August CPI: The Fed May Hike And Stocks Don't Care

August core CPI increased 0.3% month-over-month, above expectations, driven by persistent services inflation. Markets were initially volatile but ended with a muted response, as investors viewed a potential 25bp Fed rate hike as a limited adjustment rather than the beginning of a renewed tightening cycle.

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