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[BUSINESS] · Australia, United States · 44 sources

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Part of situation: Australian economic growth slows amid manufacturing decline (6 clusters)

Australia and US report August inflation data

inflation rate consumer price index monetary policy interest rates economic data

Australia and the United States reported divergent inflation trends in August. In Australia, headline CPI rose to 4.0% annually, up from 3.5% in July, driven largely by increases in housing (5.7%) and transport (5.6%), including a 14.8% surge in automotive fuel prices. However, underlying inflation remained stable, with the annual trimmed mean rate holding at 3.6%. This follows the Reserve Bank of Australia's recent decision to raise the cash rate to 4.6%.

In the United States, the Federal Reserve's preferred Personal Consumption Expenditures (PCE) price index rose 3.4% annually in August, which was lower than the 3.7% economists had forecasted. Core PCE, excluding food and energy, rose 3.0% annually. Despite the cooler inflation reading, consumer spending remained resilient, increasing by 0.9% in August. The softer inflation data has led markets to reduce expectations for further interest rate hikes by the Federal Reserve in the near term.

Entities

AMC Theatres · Australia · Australian Bureau of Statistics · Bureau of Economic Analysis · Colliers · DroneShield · Federal Reserve · Jim Chalmers · Master Builders Australia · Michele Bullock · National Retail Federation · Regal Cinemas

Claims

What the coverage asserts, and how many sources carry each claim.

Sources

Inflacija u Australiji porasla na 4 posto, rast potaknule cijene goriva [www.mojkraj.hr]
Chicago Fed's Austan Goolsbee: Data and views diverging [www.europesays.com]
Inflation Undershoots Forecasts as U. S. Spending, Hiring and Economic Growth Strengthen – [your]NEWS [yournews.com]
US inflation rises 3. 4% in August as consumer spending jumps 0. 9%: BEA [desitalkchicago.com]
25 cheap dinners we grew up with that still make sense [startsat60.com]
30-year US mortgage rate reaches highest level in nearly 3 years [www.fox5atlanta.com]
澳大利亚8月CPI同比上涨4%-华侨网 [www.chinesepress.com]
Fed seen on pause in October after inflation data [srnnews.com]
The Fed's Preferred Inflation Gauge Was Lower Than Expected. Odds Of a Rate Hike Decreased. [www.ibtimes.com]
Italia se recalienta: la inflación salta al 4,2% en septiembre [www.negocios.com]
Inflation jumps across eurozone, raising pressure on ECB to hike [www.businesstimes.com.sg]
Australiens inflation lägre än väntat - Pressen. se [www.pressen.se]
【环球财经】澳大利亚8月CPI同比上涨4% 符合市场预期 - 经济观察网 － 专业财经新闻网站 [www.eeo.com.cn]
Master Builders AU: Build Your Future, Shape the Industry [masterbuilders.com.au]
Inflation Rises as Metrics Faces Account Hurdles [www.finnewsnetwork.com.au]
Inflation Rises as Metrics Faces Account Hurdles [www.sharecafe.com.au]
Asia stocks dip, bonds in focus after torrid September [www.perthnow.com.au]
GLOBAL MARKETS-Asian stocks dip, bonds in focus after torrid September | International [www.devdiscourse.com]
Breakfast briefing: Bonds press fiscal cliff warnings, but few are listening [www.interest.co.nz]
Inflation lifts to 4. 0% in August: what's driving it up and up? [switzer.com.au]
Rise and Shine: Everything you need to know before the ASX opens [stockhead.com.au]
Why you may not be feeling the good news from the latest inflation report [san.com]
Polymarket traders put October Fed hike odds at 37%, with no change at 61% [cryptobriefing.com]
Inflation cooled slightly last month even as consumers stepped up spending [www.whec.com]
Business News | US Inflation Rises 3. 4% in August as Consumer Spending Jumps 0. 9%: BEA [www.latestly.com]
US inflation cooled more than expected in August: what it means for the Fed and Filipino borrowers [astig.ph]
Inflatie in Frankrijk en Italië schiet omhoog door energie [tpo.nl]
US inflation remained stubborn last month as Iran war continued to lift prices [krdo.com]
US inflation remained stubborn last month as Iran war continued to lift prices [abc17news.com]
RBI may consider a rate hike in October amid rising crude oil prices [newsable.asianetnews.com]
Primanjkljaj zrasel na 750 milijonov, inflacija pospešila | 24ur. com [www.24ur.com]
Inflation lifts to 4. 0% in August, keeping pressure on the RBA for another rate rise [eveningreport.nz]
Australian inflation jumps to 4. 0% as fuel and housing costs surge [www.proactiveinvestors.com.au]
Charter Hall Shares Soar 6. 4% as Australian Property Stocks Stage Massive Rally on Hopes RBA Hikes Are Over [www.ibtimes.com.au]
Australian Inflation Leaps to 4% Amid Fuel and Building Surges [time.news]
Inflation rises to 4% as fuel and housing costs test rate outlook [www.theindiansun.com.au]
Australia CPI Jumps to 4. 0%, but Trimmed Mean Undershoots Expectations [www.actionforex.com]
Inflation jumps back to 4%. Are more interest rate hikes coming? [www.fool.com.au]
Letna inflacija septembra pospešila na 3,3 odstotka [siol.net]
‘Cracks show’ as households trim extras while fuel jumps [thenightly.com.au]
U. S. inflation rises below expectations; consumer spending robust | Honolulu Star-Advertiser [www.staradvertiser.com]
US inflation remained stubborn last month as Iran war continued to lift prices [kvia.com]
MORNING BRIEFING - USA/Asien -2- [www.finanzen.net]
Fed’s preferred inflation gauge cooler than expected, likely delaying rate hike to December [nypost.com]