US INFLATION COMES OUT ABOVE EXPECTATIONS COLLECTIVELY
Inflation Higher Than Expected: The new US inflation data is worse than expected.
Annual Core CPI: Prices rose 3.0% instead of the expected 2.9%.
Monthly Core CPI: Prices increased 0.5% instead of the expected 0.3%.
Core CPI (Excluding Food & Energy):
Annually: Rose 3.3% instead of 3.1%.
Monthly: Increased 0.4% instead of 0.3%.
Impact on the US Federal Reserve: This is bad news for the Fed, making interest rate cuts less likely.
