[Agency: U.S. core inflation rate rises on a monthly basis, ruling out the possibility of a sharp rate cut by the Fed] Golden Finance reported that according to Informa Global Markets, the overall U.S. CPI slowed to 2.5% year-on-year in August, in line with expectations and the lowest level since February 2021. The annual rate of core inflation remained at 3.2%, which was also in line with expectations. The market noted that the higher-than-expected monthly rate of core inflation was 0.3%, which prompted the dollar to rise against the yen from 141.80 to 142.35. The data supports a 25 basis point rate cut by the Federal Reserve next week and should rule out a larger 50 basis point rate cut.