Inflation, Consumer Price Index
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Urban American consumers are paying more for good and services while more are out of work, according to the U.S. Bureau of Labor Statistics.
The Consumer Price Index rose 0.4% M/M in August, topping the +0.3% consensus and accelerating from +0.2% in July, according to data released by the Bureau of Labor Statistics on Thursday.
Tariffs continued to push up prices and squeeze household budgets in August, if forecasters are right about this week's highly anticipated inflation report.
The August CPI came in higher than forecast on a monthly basis, but Wall Street still expects a rate cut at next week's Fed meeting.
US CPI data relied on 36% estimates in August, sparking concerns over inflation accuracy and Federal Reserve policy.
Inflation continued to crunch budgets in August as tariffs pushed up prices on groceries and other household items.
Underlying US inflation rose as expected in August, keeping the Federal Reserve on track to cut interest rates next week.
The FTSE 100 Index is doing well this year, despite the UK economy facing stagflation, high interest rates, and a risky doom loop. It has jumped by over 20% from the lowest level this year as investors wait for the upcoming BoE interest rates decision.