American inflation for August has arrived warmer than expected, but probably not enough to derail the federal reserve to reduce interest rates next week.
The consumer price index (ICC) increased by 0.4% last month against expectations of 0.3% and 0.2% in July. Over one year on the other, the IPC was 2.9% higher against a forecast of 2.9% and 2.7% in July.
The basic ICC, which excludes components from volatile food and energy, climbed 0.3% in August against 0.3% and 0.3% forecasts. The basic ICC from one year to another increased by 3.1% compared to forecasts of 3.1% and to 3.1% in July.
Bitcoin spent around 0.5% from $ 114,300 to $ 113,700 following data.
The term contracts on the American stock market index have abandoned the modest terrain, now higher by 0.1% at all levels. The 10 -year -old treasure yield has dropped around five base points at 4.00% and the dollar has strengthened a bit. Gold has increased on news, reducing an earlier loss of approximately 0.4% to 0.15% to $ 3,675 per ounce.
Perhaps the temperature of any downward movement on the markets and surely responsible for this sharp decline in the performance of the treasury to 10 years, was the weekly report of unemployment claims, published at the same time as the IPC. In this, unemployed complaints have reached the worst than expected 263,000 against 236,000 the previous week. The forecasts were only 235,000.
The two reports underline the difficult situation in which the American central bank is, with the image of employment, but the inflation rate refusing to lower.
Before the IPC data, the markets were 92% of a reduction of 25 basic points at the next Fed meeting and 8% of a drop in 50 basis, according to CME Fedwatch. The inflation number probably puts at the rest of an idea of a movement of 50 base points, which had gained steam after the report on the flexible jobs last Friday and the low numbers of Wednesday PPI.
