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Inflation rose in August as companies continued to push the cost of tariffs onto consumers.
The newest update to the consumer price index (CPI), which measures a basket of goods and services, showed that prices increased 2.9% over the last year
– the highest since January.
Core CPI, which excludes energy and food costs, stayed stable at 3.1% after going up in July.
The Fed is under intense pressure from Donald Trump to cut rates,
but the decision looks likely to b…

Just six months after he regained power, in part by promising to rapidly reduce prices, Trump has presided over the chaotic rollout of tariffs on an array of overseas products that many have argued risk having the exact opposite effect.
After a lull, the consumer price index (CPI) is back on the rise. In June, everything from fruit and washing machines to dresses and toys became more expensive.
Businesses in the US and around the world have struggled to keep up with the Trump adm…