US consumer prices pick up in August, bolstering chances of interest rate increase
US consumer prices accelerated in August as the cost of petrol rebounded after two straight monthly declines, bolstering financial market expectations that the Federal Reserve could raise interest rates next week. The Consumer Price Index (CPI) increased 0.4 per cent last month after edging up 0.1 per cent in July, the Labour Department’s Bureau of Labour Statistics said on Friday. In the 12…
We haven't written up this one. South China Morning Post has the full story — the link below goes straight to it.
