The Consumer Price Index (CPI) rose by 0.4% month-on-month (m/m) in August, meeting the Bloomberg consensus. On a twelve-month basis, CPI held at 3.4%. Energy costs rose by 2.1% m/m, led by a 3.9% m/m gain in gasoline prices. Food prices rose by a subdued 0.1% m/m for a second consecutive month and are up […]The post US: Core Inflation Heats Up in August, Fed Likely to Hike at Next Week’s Meeting appeared first on ActionForex.