MARKET DAILY

Market 09/13: Disappointing CPI doesn't erase FED Pause scenario

Annual inflation rise in line with forecasts but accelerates monthly due to energy prices

Headline inflation up 3.7% year-over-year, slightly higher than the predicted 3.6%. This figure rose 0.6% from July - the largest monthly increase since June 2022.

Airline ticket prices saw a big change, rising 4.9%, after falling 8.1% in the previous two months. But the 10.6% rise from July in gasoline prices was the main driver of the entire CPI basket.

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