TechFlow news, September 11 — According to Jinshi Data, institutional analysts said the overall CPI monthly rate was slightly higher than expected. After the data release, yields across the U.S. Treasury market declined slightly, indicating that the market perceived the data as not worsening—providing some relief. Federal Reserve Chair Powell has been focusing on the year-on-year figures for some time. The core CPI annual rate in August was 3.1%, unchanged from July and in line with expectations, suggesting inflation has not deteriorated further. The overall CPI annual rate rose to 2.9%, slightly above July's 2.7%. The report showed housing costs increased by 0.4% in August, marking the largest monthly gain among all categories. Food prices continued to rise, with the food index up 0.5% this month, the at-home food index up 0.6%, and the away-from-home food index rising 0.3%. This largely as-expected report clears the path for the Fed’s rate cut next week, as markets have already almost fully priced in three rate cuts by year-end.
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