🚨INFLATION UPDATE🚨

CPI data meets expectations, but the 3-month streak of positive inflation news ends with core CPI rising by 0.3% in August. The Fed faces a tough decision next week, and a 50 basis point rate cut is now completely off the table!

- U.S. CPI (MoM) (Aug): Actual 0.2% vs. 0.2% Previous; Est. 0.2%

- U.S. CPI (YoY) (Aug): Actual 2.5% vs. 2.9% Previous; Est. 2.5%

- U.S. Core CPI (MoM) (Aug): Actual 0.3% vs. 0.2% Previous; Est. 0.2%

- U.S. Core CPI (YoY) (Aug): Actual 3.2% vs. 3.2% Previous; Est. 3.2%

The latest data confirms inflation concerns, leaving the Fed in a difficult position.