Markets Recover After Inflation Report Sparks Fed Rate Cut Uncertainty
In a highly anticipated report, the Consumer Price Index (CPI) revealed inflation cooled to 2.5% in August, the lowest rate since February 2021. However, a slight uptick in core inflation—a key measure that excludes food and energy prices—raised concerns on Wall Street. 0.3% monthly increase in core inflation exceeded economists’ forecasts and prompted traders to […]