US EditionUS inflation increased more than expected to 2.9% in August
Consumer prices rose 2.9% annually in August, driven by tariffs and rising costs for essentials, while weekly jobless claims reached a nearly four-year high, complicating Federal Reserve policy.
- US inflation increased to 2.9% in August, driven by increased prices for gas, groceries, and airfare, as reported by the Labor Department.
- Core prices, excluding food and energy, rose 3.1%, remaining above the Federal Reserve's 2% target, according to Labor Department figures.
- Chair Jerome Powell indicated that the Federal Reserve is likely to cut the short-term rate to about 4.1% in response to rising unemployment and inflation challenges.
- The unemployment rate in August increased to 4.3%, with an uptick in weekly unemployment claims suggesting potential layoffs ahead.
196 Articles
196 Articles
U.S. Dollar Slides Versus Brazilian Real on Inflation Data and Tariff Concerns
Traders pushed the US dollar lower against the Brazilian real on September 11, 2025. The exchange rate closed at R$5.3922, marking a 0.27% drop. Official economic reports drove this shift. US Consumer Price Index climbed 0.4% in August, beating the 0.3% estimate. The yearly figure stayed at 2.9%. Unemployment claims surged to 263,000, topping forecasts […]
Rising Costs Squeeze American Wallets as Job Market Signals Alarm for Fed
Fresh data from the Labor Department shows inflation picking up steam in August, just as the Federal Reserve grapples with a cooling labor market and mounting calls for interest rate relief. The consumer price index climbed 0.4 percent for the month, a step up from July’s 0.2 percent gain, pushing the annual figure to 2.9 percent. These numbers landed right on what economists had penciled in, but they arrive at a tense moment, with the Fed’s pol…
Columbus Telegram
Winston-Salem JournalInflation up last month, Labor Department says
WASHINGTON — Inflation rose last month as the price of gas, groceries and airfares jumped while new data showed applications for unemployment aid soared, putting the Federal Reserve in an increasingly tough spot as it prepares to cut rates at…
Inflation jumps as gas, groceries and airfares rise; jobless claims soar
Inflation rises as jobs outlook grows weaker WASHINGTON (AP) — Inflation rose last month as the price of gas, groceries and airfares jumped while new data showed applications for unemployment aid soared, putting the Federal Reserve in an increasingly tough spot as it prepares to cut rates at its meeting next week despite persistent price pressures. Consumer prices increased 2.9% in August from a year earlier, the Labor Department said Thursday, …
SOL, XRP and DOGE News: Moving Higher as Fed Likely to Focus on Growth, Not Inflation
Markets are ignoring a hotter-than-expected inflation report and instead turning their attention to the latest signs that the U.S. labor market is faltering — a shift in focus that points to growing concern about a deeper economic slowdown.Consumer prices rose a bit more than expected August, according to CPI data released Thursday by the U.S. Bureau of Labor Statistics. Both the headline rate of 2.9% and the core rate of 3.1% remain solidly hig…
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