Intraday Economic News: CPI Rises 0.4% In August; Core CPI Rises 0.2% Sep 11
Standard & Poors, September 2011
Abstract
CPI rose 0.4% month over month in August, twice the 0.2% rate that consensus expected. Core CPI, excluding food and fuel, rose 0.2% and is in line with expectations. On a year-over-year basis, the headline CPI accelerated to a 3.8% rate from 3.6% the month before. The core rate also accelerated to a 2.0% rate from 1.8% the prior month and is now at the ceiling of the Fed's implicit target range. The report was much hotter than expected, to give the Federal Open Market Committee hawks more fuel at their policy meeting next week....
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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