US core CPI MoM prints 0.3%, above forecast
US stock futures fell and then rebounded to their premarket levels as a key gage of US consumer prices rose faster than expected in August, heightening concerns that the Federal Reserve may be compelled to raise interest rates this year. [8:30 ET] US Core CPI MoM Actual 0.3% (Forecast 0.2%, Previous 0.2%) [US Dollar & US Bonds Strengthened, US Stock Indexes Weakened]
Story updates
12:39:57 PM UTC
SquawkNews
US stock futures fell and then rebounded to their premarket levels as a key gage of US consumer prices rose faster than expected in August, heightening concerns that the Federal Reserve may be compelled to raise interest rates this year. [8:30 ET] US Core CPI MoM Actual 0.3% (Forecast 0.2%, Previous 0.2%) [US Dollar & US Bonds Strengthened, US Stock Indexes Weakened]
12:40:21 PM UTC
SquawkNews
Fed seen likely to raise rates next week after inflation report
12:44:33 PM UTC
SquawkNews
Short-term bond prices fell as inflation statistics exceeded expectations, increasing the argument for the Federal Reserve to raise interest rates for the first time in three years. [8:30 ET] US Core CPI MoM Actual 0.3% (Forecast 0.2%, Previous 0.2%) [US Dollar & US 10Y Bond Yields Strengthened, US Stock Indexes Weakened]
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