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US inflation increased more than expected to 2.9% in August
August inflation rose 2.9% annually, highest since January, with jobless claims increasing by 27,000 to 263,000, complicating Federal Reserve's policy ahead of its September meeting.
- 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.
188 Articles
188 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 […]
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, …
Inflation Remains Below 3.0% for 7th Straight Month in August
Despite rising in August, annual inflation has now remained below the 3.0% level recorded in President Joe Biden’s last month in office in every month of President Donald Trump’s second term, data released Thursday by the U.S. Bureau of Labor Statistics (BLS) show. In August, seasonally adjusted CPI increased 0.4% from the previous month, after rising 0.2% in July. Compared to August 2024, the index rose 2.9%, following July’s 2.7% 12-month incr…
Inflation rises as Fed prepares rate cut
KEY TAKEAWAYS: U.S. inflation rose 2.9% in August, the biggest jump since January. Gas, groceries, and airfares drove higher consumer prices last month. Weekly jobless claims spiked to their highest level in nearly four years. Fed expected to cut rates despite persistent inflation pressures. Inflation rose last month as the price of gas, groceries, and airfares jumped, while a measure of layoffs also increased, putting the Federal Reserve …
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