US Inflation Rises More Than Expected M/M, ECB Holds Rates Amid Revised Outlook

Key TakeawaysUS headline Consumer Price Index (CPI) for August saw a month-over-month increase of 0.4%, surpassing expectations of 0.3%, though the annual rate met forecasts at 2.9%.The European Central Bank (ECB) maintained its key interest rates, holding the Deposit Facility Rate at 2.00% as anticipated, while revising its inflation outlook higher for 2025 and 2026.Kroger (KR) delivered a strong second quarter, reporting adjusted earnings per share of $1.04, exceeding estimates, and robust identical-store ...