The inflation of the United States for August came hotter than expected, although probably not enough to derail the Federal Reserve to reduce interest rates next week.
The consumer price index (CPI) increased 0.4% last month versus expectations for 0.3% and 0.2% in July. About a year after year, the CPI was higher by 2.9% versus a 2.9% and 2.7% prognosis in July.
The central ICC, which excludes volatile food and energy components, rose 0.3% in August against forecasts for 0.3% and 0.3% in July. The central ICC year after year increased 3.1% compared to the 3.1% and 3.1% prognosis.
Bitcoin fell around 0.5% of $ 114,300 to $ 113,700 after data.
The futures of the US shares index. UU. They renounced a modest land, now higher in just 0.1% in all areas. The 10 -year treasure yield fell around five basic points to 4.00% and the dollar was strengthened a bit. Gold increased in the news, cutting an earlier loss of approximately 0.4% to 0.15% to $ 3,675 per ounce.
Perhaps any downward movement in the markets and surely responsible for that great drop in 10 -year treasure performance, was the weekly report of initial unemployment claims, published at the same time as the CPI. In that, the unemployment statements rose to 263,000 much worse than 236,000 from the previous week. The forecasts were for only 235,000.
The two reports point to the difficult situation in which the United States Central Bank is located, with the worsening of the employment image, but the inflation rate refuses to increase.
Before the CPI data, the markets had prices in a 92% probability of a 25 basic points cut at the next meeting of the Fed and a probability of 8% of a cut of 50 basic points, according to CME Fedwatch. The inflation number probably depends on any idea of a movement of 50 basic points, which had gained steam after the soft job report last Friday and the weak PPI numbers on Wednesday.
