美国8月CPI同比涨幅升至2.9%，环比0.4%略超预期

Core Insights - The U.S. Consumer Price Index (CPI) for August rose by 2.9% year-on-year, aligning with expectations and showing a slight increase from the previous value of 2.7% [1] - The month-on-month CPI for August increased by 0.4%, slightly above the expected 0.3% and higher than the previous value of 0.2% [1] - The core CPI for August also met expectations, with a year-on-year increase of 3.1% and a month-on-month increase of 0.3%, consistent with prior values [2] Market Reactions - Following the data release, spot gold prices rose sharply while the U.S. dollar index fell [3] - Traders are now pricing in the scenario of the Federal Reserve potentially lowering interest rates three times before the end of the year [3] - Notably, the primary driver of growth was identified as core services rather than tariff pressures, which was somewhat unexpected [3]