Mike Shedlock: August CPI data points to September Fed interest rate hike

Mike Shedlock: August CPI data points to September Fed interest rate hike
August CPI jump signals Fed rate hike

Mike Shedlock, author / blogger at MishTalk, highlights that the consumer price index rose 0.4% in August, with the core index up 0.3%.

He suggests this increase makes a Federal Reserve interest rate hike in September likely.

Shedlock previously reported that Treasury actions have driven lower long-term bond yields and higher gold prices, raising concerns about possible market manipulation in recent coverage. He has also noted that offshore U.S. dollar holdings have surpassed $14 trillion, while dismissing calls for de-dollarization and a shift to the RMB in an earlier article. These observations frame his current commentary on inflation and Federal Reserve policy.

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