August CPI report shows inflation up 0.2%, Fed still expected to cut interest rates

August CPI report shows inflation up 0.2%, Fed still expected to cut interest rates

August CPI report shows inflation up 0.2%, Fed still expects interest rate cut – CBS News

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The Consumer Price Index rose 0.2% in August, the same as July, putting the 12-month inflation rate at 2.5%. CBS News contributor Javier David has a look at the numbers and what they might mean for interest rates.

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