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Stubbornly High Inflation Keeps Pressure On Fed To Hike Interest Rates
Shoppers at a mall in Charlotte, North Carolina on Sunday, Aug. 30, 2026.Credit: Travis Dove / Bloomberg via Getty ImagesKey TakeawaysThe Consumer Price Index rose 3.4% in August from the same month in 2025, with the “core” index excluding food and energy up 2.4% annually, above the Fed’s 2% target.The report was largely in line with forecasters’ expectations and showed few signs of inflation descending.Economists said the report adds pressure on the Fed to hike interest rates at its next meeting to counteract inflation.A highly anticipated report on the Consumer Price Index on Friday showed…
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