Inflation Rose in August

The BLS released the CPI report for August, which disclosed that inflation increased by 0.4 percent for the month of August, resulting in an annual inflation rate of 2.9 percent, .2 percent higher than the annual rate reported in July. CNBC wrote that the higher-than-expected CPI numbers may be overshadowed by the recent negative jobs data, resulting in the Federal Reserve potentially cutting rates by .5 percentage point instead of the usual .25 percentage point. 

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