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Consumer Inflation Moderates Before Next Week’s Fed Meeting
09/14/2021
The August consumer price index indicated price pressures may be heading lower, allowing Fed officials additional time to assess the recent economic slowdown before announcing a tapering of asset purchases. Headline CPI rose by +0.3% last month, cooler than the +0.5% July reading and the smallest increase since January. Core CPI was up just +0.1%, matching a 6-month low.