US inflation supports Fed rate hike expectations

U.S. inflation indicators increased in August, boosting expectations that the Federal Reserve will raise interest rates by 25 basis points at its upcoming meeting. The core Consumer Price Index (CPI) rose by 0.3% month-over-month, exceeding expectations, and the annual inflation rate increased to 2.4%. This rise coincides with oil prices climbing above $100 per barrel and ongoing geopolitical tensions, which intensify inflationary pressures and make a rate hike more likely—especially given signs that inflation remains above the targeted levels.

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