Reported about 7 hours ago
US consumer prices saw a larger-than-expected rise in August, indicating the largest annual inflation increase in seven months. Despite this uptick, analysts predict that the Federal Reserve will still proceed with interest rate cuts next week due to a weakening labor market. The data suggests a recovery in consumer spending, particularly in travel, but also shows businesses are cautious about passing on tariff costs amidst concerns about consumer spending power.
Source: YAHOO