The annual inflation rate of the US Consumer Price Index (CPI) climbed to 3.0%, which was slightly lower than the market's previous forecast of 3.1%, indicating that although inflationary pressures persist, the growth rate has slowed down slightly.
Looking further, the core CPI (an inflation index excluding food and energy prices) rose by 3.3% year-on-year, which was also slightly lower than the market's expectation of 3.4%, which may indicate that the underlying inflation trend has stabilized or been affected by some economic factors.
Is the September rate cut coming?
