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U.S. August CPI up, raising hopes of Fed rate cut

U.S. August CPI up, raising hopes of Fed rate cut

Squawk Box Europe Express · CNBC International

September 12, 202527m 53s

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Show Notes

U.S. core inflation data comes in as expected while unemployment claims are almost at 4-year highs which boosts hopes of a Fed rate cut next week. Global equities respond by pushing into the green. U.S. Treasury Secretary Scott Bessent is set to hold talks with Chinese Vice-Premier He Lifeng in Madrid next week. Top of the agenda will be trade, security and Tik Tok’s presence in the U.S.

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Topics

stock market newsmarket newsKaren TsoEurope business newssquawk box podcastArabile Gumedeeurope cnbcCNBC LondonEuropean business newseurope squawk boxGeoff CutmoreCNBC podcastCNBC EuropeSteve SedgwickCNBC podcastsSquawk Box EuropeCNBC InternationalEurope newsstocksCNBCinvestingmarketsPOLITICSEconomicsmoneyFinancial MarketsSquawk BoxBusiness NewsHe LifengSCOTT BESSENTU.S. - CHINA TRADE TALKSU.S. FED RATE CUTSTIKTOK