US inflation climbs more than expected in August as gas prices surge

13-9-2023 Business NY Post - Business 56

US inflation rose a surprisingly stiff 3.7% in August as prices at the gas pump surged, adding pressure on the Federal Reserve as it weighs additional rate hikes this fall to tamp down prices. The Consumer Price Index — a closely-watched measure of inflation that tracks changes in the costs of everyday goods and services...

Read The Rest at : NY Post - Business

Top News

Eagles, Jurgens agree to 4-year, $68M extension
Eagles center Cam Jurgens has agreed to a four-year contract extension through the 2029 season that is worth $68 million and includes $39.4 million...
Arizona teacher Eric Curtis Chapman smirks in court after being accused of sex crimes against students
Arizona teacher Eric Curtis Chapman was seen smirking in court while facing shocking charges of sex with students.
Jets to pick up 3 options; silent on Rodgers' rant
The Jets will pick up the fifth-year options for the 2026 season for all three of their 2022 first-round picks -- cornerback Sauce Gardner, wide...
WH says Trump supports Hegseth, claims ‘entire Pentagon’ working against defense secretary after second Signal chat revealed
"What a big surprise that a few leakers get fired and suddenly a bunch of hit pieces come out," the defense secretary told reporters Monday.
Hug wins 8th Boston Marathon wheelchair title
Marcel Hug of Switzerland blitzed to the front of the field to win his eighth Boston Marathon wheelchair title, claiming the victory Monday in the...
Turkey causes chaos in Indiana supermarket as cops attempt to catch destructive bird, video shows
Last Thursday in Granger, Indiana, officers with the St. Joseph County Police Department were called to respond to a fowl disturbance in a...