US Inflation Rises to 2.9% in August, Fed Still Expected to Cut Rates
Washington, September 12 (Patrika English News): U.S. consumer prices rose modestly in August, keeping inflation above the Federal Reserve’s 2% target but leaving room for an interest rate cut at next week’s policy meeting. The Consumer Price Index (CPI) increased 2.9% year-on-year, up from July’s 2.7%, the Labor Department reported Wednesday. Core inflation, which excludes … Read more
