Inflation climbed
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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.
The Federal Reserve is expected to cut its benchmark interest rate next week as concerns about the economy intensify.
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.
The latest report on inflation could be good news for the Federal Reserve when it meets to consider interest rates next week.
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,
US headline CPI rose to 2.9% year-over-year, up from 2.7% in July - in line with expectations and the highest level since January. Core CPI was at 3.1% year-over-year, unchanged from July.
US inflation cooled off at the wholesale level in August, bolstering hopes that high tariffs aren’t yet causing prices to spiral out of control, fresh data showed Wednesday.