US inflation rises less than expected in August; consumer spending surgesU.S. inflation increased less than expected in August, which could see financial markets further reduce the odds of another interest rate increase from the Federal Reserve next month.Reuters6d agoWhole story →CommerceEconomyinflation report
US inflation remained stubborn last month as Iran war continued to lift pricesBy Alicia Wallace, CNN (CNN) — The Federal Reserve’s preferred inflation gauge remained elevated in August, underscoring the persistence of above-normal price increases, new data showed Wednesday. The Personal Consumption Expenditures price index rose 0.3% from July, bringing the annual rate to 3.4%, unchanged from the month before, according to new data…ABC17News.com6d agoWhole story →SecurityEconomyinflation report
