Prior month 2.9%CPI MoM 0.2% versus 0.2% expectedMonth over Month unrounded 0.187%
Core measures:
Core CPI YoY 3.2% vs 3.2% expected.Core CPI MoM 0.3% vs 0.2% expectedCore unrounded 0.281%real weekly earnings +0.5% versus -0.2% last monthshelter inflation rose by 0.5%food increase by 0.1% after rising 0.2% in JulytHE index for food away from home rose 0.3% for the month with food at home was unchangedenergy prices fell -0.8% versus unchanged last month.
Indexes which increased in August include
Shelter, airline fares, motor vehicle
insurance, education, and apparel.
The indexes which decreased in August included:
Used cars and trucks, household furnishings and
operations, medical care, communication, and recreation were among those that decreased over the month.Supercore inflation MoM x.x%Supercore YoY x..x%
helter inflation rose by 0.5% in August which was the main factor all the
Fed expectations after the release :
30 basis point cuts versus 32108 basis points of cuts between now and the end of the year versus 114 prior to the report15% chance of a 50 basis point cut in September down from 29% prior to the report
Looking at US stocks, the futures are implying:
Dow industrial average -220 points S&P index -21.7 pointsNASDAQ index -60 points
This article was written by Greg Michalowski at www.forexlive.com.
