[WSJ] Mild price pressures excluding energy keep Fed on track to pause rate increases next week
U.S. inflation accelerated 0.6% in August, which remains mild enough to keep the Federal Reserve on track to hold interest rates steady. Prices overall were up 3.7% in August versus 3.2% in July.
| ...according to the cute little video at the link. |
Consumer prices rose in August at the fastest pace in more than a year due to a jump in energy costs, illustrating the potential obstacles to wringing inflation out of the economy without a sharper slowdown.
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