CPI Numbers Fail to Spark Rate Hike Fears as Markets Remain Bullish

The Consumer Price Index (CPI) rose by 0.1% in August, meeting expectations. Despite strong earnings results and a slight decrease in inflation from last month's 3.5%, markets are still wary of the Fed's next move on interest rates.

Daniel Creech, filling in for Frank Curzio on the Wall Street Unplugged podcast, discussed the CPI numbers and how they impact market expectations. The CPI core, excluding food and energy prices, rose by 0.2%, matching forecasts.

Creech noted that while some may see the slight decrease in inflation as a positive sign, others will argue that it's still above the Fed's target of 2%. He also pointed out that markets have been giving new Fed Chair Kevin Warsh time to assess the situation and make decisions on interest rates.