Source: United States & Canada – South China Morning PostUS consumer inflation rose last month to its highest level since January, government data showed on Thursday, although analysts believed that this would not deter the central bank from an interest rate cut next week.
The data also underscored cost-of-living pressures on households as President Donald Trump’s tariffs filter through the world’s biggest economy, complicating the Federal Reserve’s role in maintaining stable prices.
The consumer price index (CPI) picked up to 2.9 per cent in August,…Read More