August Inflation Accelerates Amid Rising Jobless Claims and Economic Uncertainty
TL;DR Summary
Inflation in August increased to a 2.9% annual rate, driven by tariffs affecting consumer prices, marking a faster rise than in previous months and surpassing April's low of 2.3%.
- Inflation grew hotter in August, as tariffs hit consumer prices The Washington Post
- Consumer prices rose at annual rate of 2.9% in August, as weekly jobless claims jump CNBC
- Inflation ticks up in August, complicating Fed’s rate cut path Yahoo Finance
- CPI Report Today: Dow Futures Edge Up Ahead of August Inflation Data — Live Updates The Wall Street Journal
- Double whammy for Americans: Inflation continues to rise as jobs outlook grows weaker CNN
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