Group 1 - U.S. consumer prices increased by 0.4% month over month in August, while the year-over-year gain was 2.9%, aligning with expectations when excluding food and energy prices [1] - Core prices also met expectations, indicating stability in inflation metrics, which supports the Federal Reserve's potential decision to cut interest rates next week [2] - The stock market showed positive movement on Thursday, reflecting investor sentiment in response to the inflation data [2] Group 2 - The New York Stock Exchange and Nasdaq observed a moment of silence to commemorate the 24th anniversary of the 9/11 terrorist attacks, highlighting the significance of the day in the financial community [3]

This is a Bloomberg Money Minute. U.S. consumer prices rose at a slightly higher pace than expected month over month in August, but the year over year gain matched expectations. Consumer prices rose 4/10 percent month over month and 2.9% year over year, stripping out volatile food and energy prices as the Fed prefers to do. Prices rose 3/10 percent in August from the month before and 3.1% year over year.Those so-called core prices matched expectations. And overall, this new report keeps the Fed on track to ...

Steve Leeman and Rick Santelli are here for what we should get on time and that is the CPI. Rick, you got it. Or Steve up 0.4% uh versus an estimate of 0.3% uh real earnings minus 0.1%.Obviously, the inflation numbers taking that off. Uh let's see what we got here. Uh year-over-year uh headline 2.9% right in line. X food and energy 3.1% right in line.No adjustment to the prior number. Uh but the one thing is the headline the uh core at 03 is exactly in line with estimates. Uh let's see what else we have her ...

Market Trends - Treasury yields oscillated and ultimately pushed lower [1] - Consumer price and labor market readings left intact the prospect of Federal Reserve cuts next week [1]

Group 1 - Consumer prices increased by 2.9% in August compared to the previous year, which is higher than the 2.7% increase observed in July [1]

RT Bloomberg Opinion (@opinion)@BBGIntelligence BREAKING: CPI DAY 📊*US Aug. Core CPI Rises 3.1% Y/Y; Est. +3.1%*US Aug. Consumer Prices Rise 0.4% M/M; Est. +0.3%*US Aug. Core CPI Rises 0.3% M/M; Est. +0.3%🎥 Tune in for live analysis https://t.co/ILZTV04VXx ...

Colombian consumer prices rose at their fastest pace in four months in August, dealing a setback to President Gustavo Petro’s campaign for deeper interest-rate cuts https://t.co/5QndfudWEv ...

Inflation Risk Assessment - Tariff effects on consumer prices are now visible and expected to accumulate, creating uncertainty regarding timing and amounts [1] - The key question for monetary policy is whether these price increases materially raise the risk of an ongoing inflation problem [1] - A reasonable base case suggests the effects will be relatively short-lived, representing a one-time shift in the price level, but the adjustment process will take time [2] - Tariff rates continue to evolve, potentially prolonging the adjustment process [3] - Upward pressure on prices from tariffs could spur a more lasting inflation dynamic, posing a risk [3] Potential Inflationary Dynamics - Workers might demand and get higher wages due to real income decline from higher prices, potentially setting off adverse wage-price dynamics [3] - Given the labor market is not particularly tight and faces increasing downside risks, that outcome does not seem likely [4] - Inflation expectations could move up, dragging actual inflation with it [4]

Turning to inflation, higher tariffs have begun to push up prices in some categories of goods. Estimates, based on the latest available data, indicate that total PC prices rose 2.6% over the 12 months ending in July. Excluding the volatile food and energy categories, core PC prices rose 2.9% above their level of a year ago.Within core prices of goods increased 1.1% over the past 12 months. A notable shift from the modest decline seen over the course of 2020 for. In contrast, housing services inflation remai ...

Economic Outlook - Downside risks to employment are rising [1] - Tariff effects on consumer prices are clearly visible [1] - Tariff impact on inflation is expected to be short lived [1] Monetary Policy - A rate cut is anticipated next month [1]