The Consumer Price Index showed prices at the consumer level were up 0.3% in August month-over-month, matching the forecast by economists, as well as the increase seen in July. Meanwhile, the core rate, which strips out food and energy, was flat in August, after rising 0.1% in July, and compared to estimates calling for a 0.1% gain. On a year-over-year basis, consumer prices were up 1.1% in August, down from the 1.2% rate in July, and the core CPI was 0.9% higher year over year, after rising by the same amount in July.
The University of Michigan Consumer Sentiment Index unexpectedly fell more than forecast, declining from 68.9 in August to 66.6 for September, compared to the increase to 70.0 that was expected. More from Bloomberg...
Magnificent Seven Update
Weekly Analysis Of Magnificent Seven ETFs
Daily Update Of Open Positions...Stocks & ETFs
