US Inflation at 8.3% in August, Fed Likely to Retain Hawkish Bias
AUGUST INFLATION KEY POINTS: August U.S. inflation rises 0.1% month-over-month, prompting the annual rate to ease to 8.3%, from 8.5% in July Core CPI advances 0.6% on a seasonally adjusted basis and 6.3% year-over-year, two tenth of a percent above estimates Inflationary forces are not weakening at the desirable pace despite the ongoing economic slowdown, …
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