Inflation persisted in August, potentially locking in a Fed interest rate hike
• The consumer price index showed persistent inflation in August, providing the final major data point before the Federal Reserve's policy meeting next week. • Dow Jones consensus expectations projected a 0.4% rise in the all-items index and a 0.2% gain for core inflation, which excludes volatile food and energy costs. • These figures may influence the Federal Reserve's decision to hike interest rates during its vote concluding next Wednesday.
cnbc.com