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Gasoline Keeps US Inflation at 3.4% Ahead of Fed Meeting

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Source: Financial Times
Gasoline Keeps US Inflation at 3.4% Ahead of Fed Meeting
Photo: Financial Times
TL;DR Summary

US inflation held at 3.4% in August with core inflation at 2.4%; gasoline pricing drove about a third of the 0.4% monthly rise as oil prices surged amid Middle East tensions, sending yields higher and lifting bets on a September Fed rate hike before its policy meeting.

Topics:business#cpi#economy#fed-rate-hike#federal-reserve#gasoline-prices#us-inflation
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  1. US inflation held steady at 3.4% in August as high fuel prices persist  Financial Times
  2. Inflation persisted in August, potentially locking in a Fed interest rate hike  cnbc.com
  3. CPI Report Today: Inflation Rose 3.4% in August; Odds of Rate Hike Jump — Live Updates  WSJ
  4. CPI Report Live Updates: Elevated Inflation Keeps Pressure on Fed to Raise Interest Rates  The New York Times
  5. US inflation accelerated last month as gas prices spiked, squeezing Americans’ finances  AP News

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