金磚國家聯合聲明：對單邊關稅和扭曲貿易的非關稅措施上升表示嚴重關切，認爲這些措施與世貿組織規則不一致。

US August headline CPI rose 0.4% MoM, matching expectations and marking the largest monthly increase since May; YoY inflation was 3.5%, also in line and unchanged from July. Core services inflation accelerated, but a rebound in crude oil and refined-product prices drove a pronounced rise in the CPI energy subindex. The move mirrors yesterday's PPI print, where higher fuel costs pushed wholesale inflation higher.

US core CPI rose 0.3% MoM and 2.4% YoY in August, stronger than expected; headline CPI climbed 0.4% MoM and 3.4% YoY, driven by higher energy. Officials said progress toward the Fed’s inflation goal was limited amid pressure from the Iran conflict, tariffs and data-center construction. Some Fed officials had signalled the Sep 15-16 policy decision would hinge on incoming data; this print is likely to boost odds of the first rate hike in three years. Investors increased rate-hike bets, US Treasury yields rose and equity futures remained elevated. Fed chair Kevin Warsh has stayed noncommittal on next steps. Oil topped $100/bbl this week and US retail diesel hit a record, reflecting supply strains from the Middle East conflict and the Russia-Ukraine war.