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

Consumer prices were up 2.9% in August from a year earlier, hotter than July’s gain of 2.7%. The year-over-year reading was the highest since the start of 2025.

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

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 Price Tracker also sheds light on national trends. The typical price of a single-family home in the United States is about $368,000, jumping roughly 13% over the past 5 years and 38% over the last decade, the ABC News data team found.

The Bank of Japan should be mindful of the risk of inflation accelerating due to the yen's prolonged weakness, as Japan's interest rates remain ultra-low, former top currency diplomat Toyoo Gyoten told Reuters.

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