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Inflation accelerated last month, putting the Fed in a bind and undercutting Trump

Summary
MinotVoice
MinotVoice
Source
Quartz
Catherine Baab

Quartz

For many Americans, the numbers confirm what they already feel at the checkout line and gas pump: prices are still climbing. The latest consumer-price report shows inflation picking up in August, with shelter, food, and fuel leading the rise. Core inflation remains sticky, leaving the Federal Reserve little room for the kind of steep cuts President Trump has been pushing for. The disconnect between official data and the White House’s message underscores why inflation remains the public’s top economic worry heading into the fall.

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