A recent report has been released, showing inflation at a 3.4% annual rate. This rate is above forecasts, according to the August CPI report.
The report is available from Morningstar, which provides further details on the inflation rate.
For more information on the August CPI report and its findings, readers can refer to the source publication, Morningstar, for a more in-depth look at the data and what it may indicate about current economic trends.
The Federal Reserve appears increasingly likely to hike interest rates next week, as inflation remains stubbornly elevated amid the war with Iran. New data out Friday showed annual inflation remained unchanged in August, still well above the central bank’s target 2 percent rate. ...
