U.S. Inflation Holds Steady Amid Market Repricing

The U.S. Consumer Price Index (CPI) for August was released on September 11 at 20:30 Beijing time, showing a steady inflation rate of 3.4%, matching prior market expectations.

This stability did not deter the market from repricing interest rates; short-term futures plummeted as traders increased their bets on a Federal Reserve rate hike to around 90%.

The yield on the U.S. 10-year Treasury note soared to its highest level since October 23, 2023, reaching 4.957%, nearing the 5% threshold.