Inflation ticks up in August, complicating Fed's rate cut path

Inflation edged higher in August, government data showed Thursday, as investors looked for signs of how much President Trump's tariffs are filtering into consumer prices and what that means for how aggressively the Federal Reserve will cut interest rates. The latest data from the Bureau of Labor Statistics showed that the Consumer Price Index (CPI) increased 2.9% annually in August, a rise from July's 2.7% increase and on par with economist expectations. Month over month, prices rose 0.4%, an uptick from ...