Reported about 7 hours ago
In August, inflation rose by 0.4% month-over-month and 2.9% year-over-year, as reported by the US Bureau of Labor Statistics. Core CPI, excluding food and energy, increased by 0.3% monthly and 3.1% annually, aligning with economists' forecasts. Despite the slight uptick in inflation, analysts suggest that it is unlikely to deter expectations for a quarter-point rate cut by the Federal Reserve in their upcoming meeting.
Source: YAHOO