US inflation rose by a higher-than-expected 8.3% in August despite falling gasoline prices — adding pressure on the Federal Reserve as it decides whether to impose another super-size interest rate hike.
Consumer prices rose slightly in August, the Labor Department reported Tuesday, showing that inflation remains stubbornly high as the Federal Reserve prepares to announce another big interest rate hike next week.
US inflation rose by a higher-than-expected 8.3% in August despite falling gasoline prices — adding pressure on the Federal Reserve as it decides whether to impose another super-size interest rate hike.
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American inflation rose more than expected in August | Since Then
