U.S. August CPI Accelerates; Market Expectations For Rate Hikes Rise Sharply

The Market Fully Expects The Federal Reserve To Raise Interest Rates Twice Before The End Of The Year

The Yield On The 10-year U.S. Treasury Note Reached Its Highest Level Since October 23, 2023, At 4.957%, Nearing The 5% Mark

The Market Expects A 90% Probability Of A Fed Rate Hike Next Week

Non-US Currencies Generally Rose, With The US Dollar/Japanese Yen Exchange Rate (USD/JPY) Currently At 154.30, The British Pound/US Dollar Exchange Rate (GBP/USD) At 1.3487, And The Euro/US Dollar Exchange Rate (EUR/USD) At 1.1577

U.S. Short-term Interest Rate Futures Fell Following The Release Of Inflation Data, As Markets Increased Bets On A Federal Reserve Rate Hike In September

Following The Release Of The CPI Data, Spot Gold Fell Below The $4,300/ounce Mark For The First Time Since September 2

The US Dollar Index (DXY) Rose More Than 20 Points In The Short Term, Currently Trading At 99.32

Spot Gold Plunged More Than $50 In The Short Term, And Is Now Trading At $4,305 Per Ounce

U.S. Core CPI Month-on-month Posted Its Highest Level Since May This Year

The US Seasonally Adjusted Core CPI Rose 0.3% Month-on-month In August, Compared With A Forecast Of 0.20% And The Previous Reading Of 0.20%

The US Seasonally Adjusted CPI And Core CPI Month-over-month Rates, As Well As The Unadjusted CPI And Core CPI Year-over-year Rates For August, Will Be Released In Ten Minutes