US Inflation Accelerates to 2.9% as Jobless Claims Surge
US Inflation Accelerates to 2.9% as Jobless Claims Surge
馃搱 Inflation heats up...
US inflation picked up pace in August, with the Consumer Price Index rising 0.4% month-over-month and 2.9% year-over-year.
Labor market shows strain as initial jobless claims jumped to 263K, significantly higher than the previous week's 237K reading.
Key developments:
- Monthly inflation rate of 0.4% signals persistent price pressures
- Annual inflation at 2.9% remains below Fed's comfort zone but trending upward
- Jobless claims surge of 26K indicates growing employment challenges
This data comes amid broader economic concerns, with unemployment rates now exceeding available job openings and recent payroll growth disappointing at just 22K versus 75K expected.
The combination of rising inflation and weakening employment presents a complex challenge for Federal Reserve policy decisions ahead.
馃毃 NEWS FLASH: United States Initial Jobless Claims rose to 237K versus an expected 230K, indicating a slight increase in $USD labor market pressures.
馃毃 NEWS FLASH: The United States Core PCE Price Index for July met expectations with a 2.9% YoY increase and a 0.3% MoM rise, indicating steady inflation in $USD.
馃毃 NEWS FLASH: The United States ISM Manufacturing PMI for August came in at 48.7, slightly below the expected 49.0, while ISM Manufacturing Prices dropped to 63.7, missing the forecasted 65.1, indicating continued pressure on the $USD manufacturing sector.
馃毃 NEWS FLASH: The United States ISM Non-Manufacturing PMI for August rose to 52.0 versus an expected 50.9, while ISM Non-Manufacturing Prices slightly decreased to 69.2 from 69.9, impacting $USD sentiment.
馃毃 NEWS FLASH: Germany recorded over three million unemployed, marking the highest level in ten years and signaling concerns for the country's economic recovery.
馃毃 NEWS FLASH: The United States JOLTS Job Openings for July fell to 7.181M, below the expected 7.380M and previous 7.357M, impacting $USD sentiment.
馃毃 NEWS FLASH: The United States collected a record $31 billion in tariff revenue in August, marking the highest monthly total of 2025.
馃毃 NEWS FLASH: The United States S&P Global Composite and Services PMI for August missed expectations at 54.6 and 54.5 respectively, indicating slower economic activity in the $USD sector.
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