Inflation Edges Up, Jobless Claims Soar Ahead of Crucial Fed Meeting
Inflation Edges Up, Jobless Claims Soar Ahead of Crucial Fed Meeting New economic data released today reveals a challenging landscape for the Federal Reserve, with consumer prices rising more than anticipated in August while weekly jobless claims surged unexpectedly. The Consumer Price Index (CPI) showed a 0.4% increase for August, pushing the annual inflation rate to 2.9%, the highest since January. This figure slightly exceeded economists’ predictions. Meanwhile, the Labor Department reported a significant jump in weekly unemployment compensation filings,…