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US inflation holds at 3.4% as monthly price rises hit fastest pace since May
US consumer prices rose 3.4% in the year to August, unchanged from July and exactly in line with expectations, but the monthly increase of 0.4% was the sharpest since May, a sign the energy shock is starting to bite four days before a Federal Reserve decision markets expect will deliver a rate hike.
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france24.com
US inflation steady in August, fueling Fed rate hike expectations
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…
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eu.usatoday.com
CPI: Prices rose in August. Is it time to raise interest rates?
U.S. consumer prices rose 0.4% from the month before in August, the Labor Department estimated Sept. 11, in line with forecasters' expectations.
