US Inflation Rises to 2.9% in August Amid Jobless Claims Increase
TL;DR Summary
In August, consumer prices rose by 2.9% annually, driven by increases in shelter, food, and energy costs, while weekly jobless claims unexpectedly increased, complicating the Federal Reserve's decision on interest rate adjustments amid mixed economic signals.
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- Double whammy for Americans: Inflation continues to rise as jobs outlook grows weaker CNN
- Live: Analysis of US CPI Report for August Bloomberg.com
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