US inflation data: Consumer prices rise to 2.9% in August, core inflation hits 3.1%
US consumer inflation surged to 2.9% in August, marking its highest point since January, driven partly by President Trump's tariffs. Despite the rise in both overall and core inflation, analysts anticipate the Federal Reserve will proceed with an interest rate cut at its meeting next week.
US consumer inflation surged to 2.9% in August, marking its highest point since January, driven partly by President Trump's tariffs. Despite the rise in both overall and core inflation, analysts anticipate the Federal Reserve will proceed with an interest rate cut at its meeting next week.
