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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…