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#AugustCoreCPIBeatsExpectations
US inflation data released: Fed’s probability of raising interest rates rose to 90%
📊 Annual inflation in the US came in at 3.4%, in line with expectations.
🔎 Monthly core inflation came in at 0.3%, exceeding the 0.2% estimate.
🏦 The probability of the Fed raising interest rates next week rose to approximately 90%.
📈 Supercore inflation accelerated on both a monthly and annual basis.