US Treasury 2-year note sale raises $69 billion at 4.708% high yield
The US Treasury auctioned $69 billion of 2-year notes at a high yield of 4.708%, with demand slightly below average as reflected in the bid-to-cover ratio and…
1 h ago4 min read
Bitcoin and gold drop after core CPI beats forecasts
Bitcoin and gold fell after August core CPI rose 0.3% MoM, above the 0.2% forecast, raising Fed uncertainty.
11/09/2026 12:564 min read
August's inflation figures delivered a divided message, with headline consumer prices matching expectations while the core gauge came in ahead of economist forecasts.
Bitcoin and gold prices plunged immediately after the data release, adding fresh uncertainty for investors monitoring the Federal Reserve's upcoming move.
Core inflation remains sticky in August CPI data
The US Consumer Price Index (CPI) advanced 0.4% month-over-month in August, in line with market projections, and the annual rate stood at 3.4% year-over-year, also as anticipated.
Still, the closely tracked core CPI measure, which strips out volatile food and energy items, climbed 0.3% month-over-month, exceeding the 0.2% that was expected. The annual core figure held at 2.4%, matching forecasts.
That hotter monthly core reading could keep pressure on policymakers as they evaluate whether inflation is easing sufficiently to warrant additional interest-rate reductions.
AUGUST U.S. 🇺🇸 INFLATION DATA:
— Wall St Engine (@wallstengine) September 11, 2026
CPI 3.4% YoY, (Est. 3.4%)
CPI 0.4% MoM, (Est. 0.4%)
Core CPI 2.4% YoY, (Est. 2.4%)
Core CPI 0.3% MoM, (Est. 0.2%)
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