August CPI Data & Anticipated Rate Cut

On Wednesday, September 11th, the Labor Department released August's Consumer Price Index (CPI) data and reporting.  The Consumer Price Index represents a broad measure of goods and services across the United States economy.  Here are the key summary points investors should note from this past Wednesday's report:

* The Consumer Price Index increased 0.2% for the month of August.  This figure was in line with Dow Jones consensus and expectations.

*August's CPI print put the 12-month inflation rate at 2.5%, down 0.4 percentage points from July's level.  The 12-month inflation rate of 2.5% represents the lowest since February 2021.