The monthly rate of core inflation in the United States rose, ruling out the possibility of a significant interest rate cut by the Federal Reserve

On September 11th, according to Informa Global Markets, the overall CPI in the United States slowed to 2.5% year-on-year in August, in line with expectations and the lowest level since February 2021. Core inflation remained at an annualized rate of 3.2%, which was also in line with expectations. The market noted that higher than expected was core inflation at a monthly rate of 0.3%, which prompted the dollar to rise against the yen from 141.80 to 142.35. The data supports the Federal Reserve to cut interest rates by 25 basis points next week and should rule out the possibility of a larger rate cut of 50 basis points.