US CPI up 0.6% in August; close to end of hiking cycle

13 September 2023

 

Summary: US CPI up 0.6% in August, slightly above expectations; “core” rate up 0.3%; NAB: trend on core CPI looking better at 2.4%; Treasury yields fall; rate-cut expectations unchanged; NAB: likely close to end of hiking cycle; ANZ: Fed will need to be alert to potential for any re-acceleration; energy prices main driver, adds 0.39 ppts. The annual rate of US inflation as measured by changes in the consumer price...

read full story