US August inflation hits 3.4% as Fed weighs rate decision on Sept 15-16
- —US August CPI: +3.4% year-on-year, +0.4% month-on-month
- —Core inflation excluding food and energy: 2.4% year-on-year
- —Energy index rose 16.3% over 12 months
- —Current Fed rate: 3.50-3.75%, decision due Sept 15-16
Why it matters: The Fed's decision will shape the dollar and risk assets, including bitcoin, in the coming weeks.
Source: TokenPost