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

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. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info .