U.S. consumer prices rose more than expected in August, which may not affect the Fed's interest rate cut next week.

According to news from Hash World, the U.S. Consumer Price Index (CPI) for August ( rose more than expected, with a year-on-year increase being the largest in seven months, slightly higher than July. Although the inflation data is strong, it is not expected to prevent the Fed from taking action to lower interest rates next week due to a weak job market. The CPI in August increased by 0.4% month-on-month, up from 0.2% in July, while the cumulative CPI over the past 12 months rose by 2.9%, the largest increase since January, higher than July's 2.7%. At the same time, recent pessimistic news about the job market may raise concerns about stagflation. The impact of the Trump administration's comprehensive tariffs is gradually becoming evident, but prices could accelerate in the coming months as businesses have depleted their pre-tariff inventories. For a long time, business surveys have suggested that prices are about to rise. Stephen Stanley, chief economist for U.S. capital markets at Santander Bank, stated that there is substantial evidence indicating that more tariff-related inflation is on the way, although it may take several months to fully transmit.

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