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 producer price index was expected to increase 0.3% in August, according to the Dow Jones consensus estimate.

U.S. inflation likely ticked higher last month as the Trump administration’s import taxes lifted the price of goods, putting the Federal Reserve in a tough spot when it meets next…

New CPI update shows prices increased 2.9% over the last year, but Wall Street optimistic Fed 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.

The pace of price rises ticked up as focus turns to the next move by the US Federal Reserve.

The consumer price index was expected to increase 0.3% in August, according to the Dow Jones consensus estimate.

The tension between price stability and maximum employment will not ease quickly

The consumer price index picked up to 2.9 per cent in August, accelerating from 2.7 per cent on a year-on-year basis in July.

Weakening labour market and higher inflation has put Fed in a ‘difficult’ position even as economists expect a rate cut.