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The Zhitong Finance App learned that the US Department of Labor Statistics announced on Friday that as gasoline prices rebounded after falling for two consecutive months, the US Consumer Price Index (CPI) accelerated rise in August, which strengthened the financial market's expectations that the Federal Reserve may raise interest rates next week. The consumer price index rose 0.4% month-on-month last month, in line with expectations, while in July it only rose slightly by 0.1%; the year-on-year increase was 3.4%, the same as expected, and the increase was the same as in July.
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The Zhitong Finance App learned that the US Department of Labor Statistics announced on Friday that as gasoline prices rebounded after falling for two consecutive months, the US Consumer Price Index (CPI) accelerated rise in August, which strengthened the financial market's expectations that the Federal Reserve may raise interest rates next week. The consumer price index rose 0.4% month-on-month last month, in line with expectations, while in July it only rose slightly by 0.1%; the year-on-year increase was 3.4%, the same as expected, and the increase was the same as in July.
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