The Federal Reserve is expected to cut its benchmark interest rate next week as concerns about the economy intensify.

Consumer prices rose 2.9% in August compared to a year ago, marking an uptick in price increases as President Donald Trump's tariff policy intensified. The reading matched economists' expectations.

Inflation ticked up to 2.9% in August, the highest rate since January.

Inflation accelerated in August as Americans paid more for gasoline and groceries. Over the last 12 months, consumer prices have risen 2.9%.

Today's CPI report marks the last major piece of economic data before the Federal Reserve's Sept. 17 rate decision meeting.

The latest report on inflation could be good news for the Federal Reserve when it meets to consider interest rates next week.

The consumer price index for August 2025 rose 2.9% on an annual basis. Tariffs seem to be pushing prices for goods like clothing higher, economists said.

With inflation on the rise again, some investors may want to pivot turns gold. Here's why it makes sense right now.

Inflation ticked up for the fourth month in a row, rising in line with forecasts, as higher tariff rates trickle into prices for consumer goods. The consumer price index climbed 2.9% year over year in August,