How August's Consumer Price Index report will impact upcoming Fed rate cut
Update: 2024-09-11
Description
The latest inflation print is out. August’s Consumer Price Index (CPI) report comes in line with estimates and shows a 0.2% increase from July and 2.5% from a year ago. Core CPI, which excludes food and energy prices, rose 0.3% month-over-month and 3.2% year-over-year. Yahoo Finance breaks down what it means for the future of Fed rate cuts.
Takeaways:
- Stock futures are falling in Wednesday's pre-market trading after August's Consumer Price Index (CPI) came in-line with August estimates.
- Vice President Kamala Harris and former President Donald Trump met on the debate stage Tuesday night in the first presidential debate ahead of the 2024 election. The candidates butted heads on major policy platforms, including the US economy, inflation, and tariffs.
- Trump Media & Technology Group (DJT, DJTWW), bitcoin (BTC-USD), and notable solar stocks (FSLR, RUN, ENPH) are reacting to last night's debate performances.
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