Inflation is still too high for the Federal Reserve, which is expected to raise its interest rate target next week in an attempt to limit price pressures.

US consumer inflation came in unchanged at 3.4 percent in August, government data showed Friday, with persistent high prices raising expectations that the Federal Reserve will…

Consumer prices rose at a 3.4% annual rate last month, the same pace as July, according to the latest Consumer Price Index from the Bureau of Labor Statistics.