Daily digest market movers: DXY shrugs off weak sentiment data on the back of hawkish bets
- Annual US CPI inflation eased to 2.5% in August from 2.9% in July, marking the lowest level since April 2018.
- Annual core CPI, excluding volatile food and energy prices, remained unchanged at 3.2% in August, as expected.
- Monthly CPI increased 0.2%, while core CPI was up 0.3%, both above market expectations.
- As a reaction, the US Dollar is seen flat as traders reduced odds for a 50-basis-point rate cut by the Fed, now pricing in an 85% chance of a 25-basis-point cut.
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