Why the CPI spooked markets on Tuesday
The red-hot CPI spooked markets on Tuesday.
![Why the CPI spooked markets on Tuesday](https://ussnsimg.moomoo.com/feed_image/77777025/16ed8765537a3d49bb937144265cfd79.png/bigmoo)
The persistence of rising inflation has put the Fed on an aggressive path of rate hikes, cementing the prospect of a sharp hike, with 75 basis points or even 100 basis points announced at its meeting next week.
![Why the CPI spooked markets on Tuesday](https://ussnsimg.moomoo.com/77777025/editor_image/311e7b62847f386e8999535f3565c79e.jpg/bigmoo)
Meanwhile, gasoline prices fell 10.6% in August, the biggest monthly drop in more than two years. However, it has little effect on pulling down the CPI, and the core CPI data hit record highs.
![Why the CPI spooked markets on Tuesday](https://ussnsimg.moomoo.com/77777025/editor_image/d6b0d9bd65c730f88e297a063f6a6131.png/bigmoo)
Quiz of Today
When the CPI is too high, be alert to the risk of ______.
A. Deflation
B. Inflation
C. Deflation and inflation
Click on our Learn center to learn more about What is CPI.
![Why the CPI spooked markets on Tuesday](https://ussnsimg.moomoo.com/feed_image/77777025/5da4c6bc3ee23a8abc41fbb92084bb59.jpg/bigmoo)
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