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

Inflation edged higher in August, government data showed Thursday, as investors looked for signs of how much President Trump's tariffs are filtering into consumer prices and what that means for how aggressively the Federal Reserve will cut interest rates.

U.S. inflation picked up moderately in August, with prices up 2.9% from a year earlier. The Federal Reserve next meets Sept. 16-17.

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,

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

The Bureau of Labor Statistics released the August consumer price index (CPI), which showed that inflation remained above the Fed's target ahead of the central bank's rate decision.

Consumer prices rose 2.9% in August from a year earlier, the Labor Department said Tuesday, the biggest increase since January.

Inflation continued to tick up in August, though not enough to thwart markets’ expectations that the Federal Reserve will lower interest rates next week in response to a weakening job market. Annual g

The Consumer Price Index likely inched higher in August, reflecting higher costs for food and other items, economists say.