Consumer Prices Rise, Fed on Track for Interest Rate Cut: Money Minute

Group 1 - U.S. consumer prices increased by 0.4% month over month in August, while the year-over-year gain was 2.9%, aligning with expectations when excluding food and energy prices [1] - Core prices also met expectations, indicating stability in inflation metrics, which supports the Federal Reserve's potential decision to cut interest rates next week [2] - The stock market showed positive movement on Thursday, reflecting investor sentiment in response to the inflation data [2] Group 2 - The New York Stock Exchange and Nasdaq observed a moment of silence to commemorate the 24th anniversary of the 9/11 terrorist attacks, highlighting the significance of the day in the financial community [3]