{"id":47031,"date":"2025-09-11T13:31:40","date_gmt":"2025-09-11T13:31:40","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=47031"},"modified":"2025-09-11T13:31:40","modified_gmt":"2025-09-11T13:31:40","slug":"u-s-cpi-rose-a-faster-than-expected-0-4-in-august-core-rate-in-line","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=47031","title":{"rendered":"U.S. CPI Rose a Faster-Than-Expected 0.4% in August; Core Rate in Line"},"content":{"rendered":"<div>\n<p>U.S. inflation for August came in hotter than expected, though likely not enough to derail the Federal Reserve from cutting interest rates next week.<\/p>\n<p>The Consumer Price Index (CPI) rose 0.4% last month versus expectations for 0.3% and 0.2% in July. On a year-over-year basis, CPI was higher by 2.9% versus a forecast 2.9% and 2.7% in July.<\/p>\n<p>Core CPI, which excludes the volatile food and energy components, climbed 0.3% in August against forecasts for 0.3% and July&#8217;s 0.3%. Year-over-year core CPI rose 3.1% compared with the 3.1% forecast and July\u2019s 3.1%.<\/p>\n<p>Bitcoin slipped about 0.5% from $114,300 to $113,700 in the immediate aftermath of the data.<\/p>\n<p>U.S. stock index futures gave up modest ground, now higher by just 0.1% across the board. The 10-year Treasury yield dipped about five basis points to 4.00% and the dollar strengthened a bit. Gold rose on the news, trimming an earlier loss of about 0.4% to 0.15% at $3,675 per ounce.<\/p>\n<p>Perhaps tempering any downside move in the markets and surely responsible for that big dip in the 10-year Treasury yield, was the weekly Initial Jobless Claims report, released at the same time as the CPI. In that, jobless claims rose to a far worse than expected 263,000 from 236,000 the previous week. Forecasts were for just 235,000.<\/p>\n<p>The two reports point to the difficult situation the U.S. central bank finds itself in, with the employment picture worsening, but the inflation rate refusing to turn lower.<\/p>\n<p>Prior to the CPI data, markets were pricing in a 92% chance of a 25 basis point cut at the upcoming Fed meeting and an 8% chance of a 50 basis point cut, <a href=\"https:\/\/www.cmegroup.com\/markets\/interest-rates\/cme-fedwatch-tool.html\">according to CME FedWatch<\/a>. The inflation number likely puts to rest any idea of a 50 basis point move, which had gained steam following last Friday&#8217;s soft jobs report and Wednesday&#8217;s weak PPI numbers.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>U.S. inflation for August came in hotter than expected, though likely not enough to derail the Federal Reserve from cutting interest rates next week. The Consumer Price Index (CPI) rose 0.4% last month versus expectations for 0.3% and 0.2% in July. On a year-over-year basis, CPI was higher by 2.9% versus a forecast 2.9% and [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-47031","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/47031","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=47031"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/47031\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=47031"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=47031"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=47031"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}