The report comes at a pivotal moment for the Federal Reserve, which is scheduled to meet next week to decide whether to hike interest rates.
The August CPI report had taken on outsized importance after Fed Chair Kevin Warsh two weeks ago suggested the central bank may have to act if inflation doesn't soon slow.
The Federal Reserve has a narrow path to walk. Inflation remains above its 2% target, oil prices have climbed amid renewed tensions in the Middle East, and an August jobs report showing 162,000 new ...
Friday's August CPI report could set the stage for the Federal Reserve's first interest rate hike in more than three years.
The so-called core consumer-price index showed a rounded rise of 0.3% in August, a hotter-than-expected price increase that raises the odds of a Fed rate hike. Fed watchers have taken to drilling down ...
After in-line August CPI data, Dell, HPE, Qualcomm, Apple and the iShares Ethereum Trust rallied Friday, with the Fed's Sept. 16 rate decision set to test whether these breakouts hold.
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