U.S. Inflation Holds at 3.4% as Gasoline Surge Revives Fed Rate Hike Risk

TLDR: U.S. inflation held at 3.4% in August as gasoline prices surged 3.9% and drove one-third of CPI gains. Core CPI eased to 2.4% annually, its lowest since March 2021, despite a 0.3% monthly increase in August. September Fed hike odds rose to 82% from 68% after core CPI beat the 0.2% consensus with a [...]

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