Inflation: US inflation remains at 3.4 percent - interest rate hike considered almost certain
Prices in the US continue to rise significantly faster than desired by the central bank. The new data cause bond yields to briefly exceed a historic mark.
US prices rose 3.4 percent in August compared to the same period last year, according to the Bureau of Labor Statistics. This matches expectations and is the same rate as July, while June's rate was 3.5 percent. The core inflation rate, which excludes energy and food prices, was 2.4 percent, also as expected, and down from 2.5 and 2.6 percent in the previous two months. The data was released before the Federal Reserve's next interest rate decision on Wednesday.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
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