US inflation lower than expected in August

Summarised from 4 outlets · Updated 30 Sept, 17:33 · Archive

US core inflation rose 3% annually in August, below expectations.

The Federal Reserve's preferred inflation gauge, the personal consumption expenditures price index, showed core inflation at 3% in August, below forecasts of 3.3%. The headline figure stood at 3.4% against expectations of 3.7%. The softer reading boosted financial markets and reduced expectations of an immediate rate hike, with traders assigning roughly a 35% chance of a move in October.

How it is being reported

• Fed’s preferred inflation gauge cooler than expected, likely delaying rate hike to DecemberNew York Post · 30 Sept, 16:49
• Good news in US inflation report boosts chances Fed won’t hike ratesGuardian World · 30 Sept, 16:34
• Core inflation rose 3% on annual basis in AugustUPI · 30 Sept, 15:19
• Fed’s preferred gauge showed core inflation at 3.0% in August, much lighter than expectedCNBC · 30 Sept, 13:59

In this story: Federal Reserve · Bureau of Economic Analysis

This summary was written by AI from the headlines and standfirsts above, and states as fact only what at least two outlets report. How we use AI · Report a problem