Dollar Jumps on Hotter-Than-Anticipated Core Inflation Print
Consumer price growth accelerated slightly in the United States last month, threatening to derail a more aggressive kickoff to the Federal Reserve’s imminent easing cycle. According to data published by the Bureau of Labor Statistics this morning, the core consumer price index – with highly-volatile food and energy prices excluded – rose 0.3 percent in August from the same period last year, and climbed 3.2 percent on a month-over-month basis. This was slightly above the monthly consensus estimates among economists polled by the major data providers ahead of the release, which had been set at 0.2 percent. On a headline...