Consumer prices rose at annual rate of 2.9% in August, as weekly jobless claims jump

Economic Indicators - Consumer prices increased by 0.4% in August, which is double the increase from the previous month, resulting in an annual inflation rate of 2.9% [1] - The core consumer price index, excluding food and energy, rose by 0.3% in August, maintaining a 12-month figure of 3.1%, aligning with forecasts [2] Employment Data - Weekly unemployment compensation filings unexpectedly rose to a seasonally adjusted 263,000, surpassing the estimated 235,000, and increasing by 27,000 from the previous period [2]