The inflation of USA It fell again in August, for the second consecutive month, and placed its year-on-year rate at 8.3%, two tenths less than in July, according to data published this Tuesday by the Bureau of Labor Statistics (BLS).
However, compared to the previous month, consumer prices rose one tenth, after having remained stable in July, despite the 10.6% drop in gasoline prices.
“The Consumer Price Index (CPI) report was unequivocally negative for equity markets. A higher-than-expected report means we will receive continued policy pressure from the Fed through rate hikes,” assured the research director of the firm Janus Henderson Investors, Matt Peron, quoted by the CNBC channel.
Fed Chairman Jerome Powell repeatedly insisted on his commitment to continue raising interest rates, currently between 2.25% and 2.5%, for as long as it takes to bring down inflation. .
Investors are also waiting for reports on retail sales and industrial production on Thursday that will complete the snapshot of the economic situation before the next Fed meeting.
Source: Ambito
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