Report on U.S. Inflation
The price squeeze is still stubbornly high.
What we do know is this:
The Consumer Price Index rose 8.3 percent in August, contrary to expectations, indicating that the consumer pinch is still severe.
Despite falling gas prices in August, inflation accelerated more quickly than anticipated.
Higher-than-expected inflation numbers cause markets to crash.
Biden's attempts to laud the economy are muted by the news.
The good, the bad, and the unsure of inflation.
Rents that are increasing quickly could be problematic for the Fed.
Consumers are feeling the squeeze as food prices have risen.
For 91 consecutive days, gas prices have decreased, easing some inflationary pressure.
What analysts and economists have to say about the data's significance.