Kevin Dietsch/Getty, Tyler Le/BIHeadline inflation fell to 2.5% in August, the lowest in over three years.But core CPI rose 3.2%, causing investor concern about persistent inflation and higher rates.Experts warn rate-cut expectations may be too high given the latest inflation data.Headline inflation fell to 2.5% year-over-year in August, dropping significantly from 2.9% in July to its lowest level in over three years.Yet the report spooked investors, with the S&P 500 falling 1.4% in the first hour and a half of trading on Wednesday because a secondary inflation measure came in a touch too hot.Core CPI, which measures price growth outside housing and food due to their volatility, rose 3.2% year-over-year.
Comment on 6 Wall Street experts share why investors could be overestimating how much the Fed will cut rates after August's inflation repor
wedwards@businessinsider.com (William Edwards), Business Insider
Fri, 09/13/2024 - 2:40am
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