US CPI annual rate slows further in August; “core” rate ticks up

Summary: US CPI up 0.2% in August, in line with expectations; annual inflation rate slows from 2.9% to 2.6%; “core” rate up 0.3%, up 3.3% over year; ANZ: data supports view inflation headed to Fed’s 2% target; US Treasury yields generally rise; rate-cut expectations soften, nine cuts still expected; Westpac: core prices increase driven by another robust month for shelter; non-energy services main driver of overall result. The annual rate...

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