The further rise in core CPI inflation to an 11-year high of 2.4% in August won’t stop the Fed from cutting interest rates again next week, but it does provide further reason to believe that market expectations of significant further easing will ultimately be disappointed.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services