Instant View: US consumer prices rise more than expected, but a rate cut still coming

NEW YORK (Reuters) - U.S. consumer prices rose more than expected in August while the annual increase in inflation was the largest in seven months, although the numbers will not prevent an interest rate cut from the Federal Reserve next week in the midst of a weakening labor market. The Consumer Price Index rose 0.4% last month after increasing 0.2% in July, the Labor Department's Bureau of Labor Statistics (BLS) said on Thursday. In the 12 months through August, the CPI advanced 2.9%, the largest increas ...